Agree To Buy Huntington Bancshares At $10, Earn 8.5% Using Options

Investors considering a purchase of Huntington Bancshares, Inc (HBAN) stock, but cautious about paying the going market price of $11.14/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 $10 strike, which has a bid at the time of this writing of 85 cents..