Agree To Buy Michael Kors Holdings At $30, Earn 5.5% Using Options
April 22, 2016 at 11:40 AM EDT
Investors eyeing a purchase of Michael Kors Holdings Ltd (KORS) shares, but cautious about paying the going market price of $51.18/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 $30 strike, which has a bid at the time of this writing of $1.65..