Commit To Purchase LyondellBasell Industries At $55, Earn 4.7% Using Options
February 13, 2017 at 11:51 AM EST
Investors considering a purchase of LyondellBasell Industries NV (LYB) stock, but cautious about paying the going market price of $91.92/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 $55 strike, which has a bid at the time of this writing of $2.60..