Agree To Purchase Medtronic At $42.50, Earn 2.2% Using Options

Investors considering a purchase of Medtronic PLC (MDT) stock, but cautious about paying the going market price of $74.20/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 $42.50 strike, which has a bid at the time of this writing of 92 cents..