Agree To Buy Adobe Systems At $97.50, Earn 3.6% Using Options
May 24, 2017 at 11:45 AM EDT
Investors considering a purchase of Adobe Systems Inc (ADBE) stock, but cautious about paying the going market price of $140.58/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 $97.50 strike, which has a bid at the time of this writing of $3.55..