Commit To Buy Ralph Lauren At $90, Earn 3% Using Options
July 23, 2015 at 11:51 AM EDT
Investors eyeing a purchase of Ralph Lauren Corp (RL) shares, but cautious about paying the going market price of $130.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $90 strike, which has a bid at the time of this writing of $2.70..