Commit To Purchase Herc Holdings At $30, Earn 8.3% Using Options
January 12, 2017 at 12:02 PM EST
Investors eyeing a purchase of Herc Holdings Inc (HRI) shares, but cautious about paying the going market price of $40.82/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 $30 strike, which has a bid at the time of this writing of $2.50..