Agree To Purchase Viacom At $22.50, Earn 5.1% Using Options

Investors eyeing a purchase of Viacom Inc (VIAB) shares, but cautious about paying the going market price of $39.45/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 $22.50 strike, which has a bid at the time of this writing of $1.15..