Commit To Purchase Seagate Technology At $8, Earn 8.1% Using Options
May 26, 2016 at 11:42 AM EDT
Investors eyeing a purchase of Seagate Technology plc (STX) stock, but tentative about paying the going market price of $21.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $8 strike, which has a bid at the time of this writing of 65 cents..