Agree To Buy Laboratory Corporation of America Holdings At $85, Earn 3.2% Annualized Using Options
October 22, 2014 at 11:31 AM EDT
Investors considering a purchase of Laboratory Corporation of America Holdings (LH) stock, but cautious about paying the going market price of $101.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $85 strike, which has a bid at the time of this writing of $1.55..