Agree To Purchase American Tower At $60, Earn 1.8% Using Options
August 05, 2015 at 11:51 AM EDT
Investors eyeing a purchase of American Tower Corp (AMT) stock, but cautious about paying the going market price of $96.70/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 $1.10..