Agree To Purchase Vornado Realty Trust At $90, Earn 3.2% Annualized Using Options
February 24, 2017 at 11:37 AM EST
Investors considering a purchase of Vornado Realty Trust (VNO) stock, but cautious about paying the going market price of $109.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $90 strike, which has a bid at the time of this writing of $1.60..