Agree To Purchase Union Pacific Corp At $45, Earn 2.9% Using Options

Investors considering a purchase of Union Pacific Corp (UNP) shares, but tentative about paying the going market price of $85.44/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 $45 strike, which has a bid at the time of this writing of $1.30..