Agree To Buy Advance Auto Parts At $130, Earn 4.3% Annualized Using Options
April 14, 2016 at 11:45 AM EDT
Investors considering a purchase of Advance Auto Parts Inc (AAP) shares, but cautious about paying the going market price of $160.98/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 $130 strike, which has a bid at the time of this writing of $4.30..