Commit To Buy Eaton Corp At $40, Earn 3% Using Options
March 13, 2017 at 11:42 AM EDT
Investors eyeing a purchase of Eaton Corp plc (ETN) stock, but cautious about paying the going market price of $72.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $40 strike, which has a bid at the time of this writing of $1.20..