Agree To Buy PNC Financial Services Group At $72.50, Earn 6.1% Using Options
June 01, 2016 at 12:44 PM EDT
Investors eyeing a purchase of PNC Financial Services Group (PNC) shares, but cautious about paying the going market price of $89.41/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 $72.50 strike, which has a bid at the time of this writing of $4.45..