Commit To Buy Michael Kors Holdings At $27.50, Earn 6% Using Options
January 18, 2017 at 11:36 AM EST
Investors eyeing a purchase of Michael Kors Holdings Ltd (KORS) shares, but tentative about paying the going market price of $42.78/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 $27.50 strike, which has a bid at the time of this writing of $1.65..