Agree To Buy PNC Financial Services Group At $60, Earn 3.1% Using Options
January 12, 2015 at 11:38 AM EST
Investors considering a purchase of PNC Financial Services Group (PNC) stock, but cautious about paying the going market price of $86.44/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 $60 strike, which has a bid at the time of this writing of $1.88..