Commit To Purchase Avis Budget Group At $22.50, Earn 7.3% Using Options
August 26, 2016 at 11:50 AM EDT
Investors considering a purchase of Avis Budget Group Inc (CAR) shares, but tentative about paying the going market price of $36.04/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 $22.50 strike, which has a bid at the time of this writing of $1.65..