Commit To Buy Tenneco Inc At $45, Earn 12% Annualized
July 19, 2013 at 11:57 AM EDT
Investors eyeing a purchase of Tenneco Inc (TEN) stock, but tentative about paying the going market price of $49.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2014 put at the $45 strike, which has a bid at the time of this writing of $2.70.