Commit To Purchase Avis Budget Group At $20, Earn 9% Using Options
November 28, 2016 at 11:43 AM EST
Investors considering a purchase of Avis Budget Group Inc (CAR) shares, but cautious about paying the going market price of $38.70/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 $20 strike, which has a bid at the time of this writing of $1.80..