Commit To Buy Advance Auto Parts At $140, Earn 5% Annualized Using Options
July 15, 2016 at 11:39 AM EDT
Investors considering a purchase of Advance Auto Parts Inc (AAP) stock, but tentative about paying the going market price of $165.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $140 strike, which has a bid at the time of this writing of $3.60..