Agree To Buy PNC Financial Services Group At $87.50, Earn 7.1% Using Options
November 29, 2016 at 11:33 AM EST
Investors eyeing a purchase of PNC Financial Services Group (PNC) stock, but tentative about paying the going market price of $110.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $87.50 strike, which has a bid at the time of this writing of $6.20..