Commit To Buy Ally Financial At $5, Earn 9% Using Options
January 23, 2017 at 11:49 AM EST
Investors considering a purchase of Ally Financial Inc (ALLY) stock, but tentative about paying the going market price of $19.26/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 $5 strike, which has a bid at the time of this writing of 45 cents..