Commit To Buy Delta Air Lines At $30, Earn 5.9% Using Options
January 17, 2017 at 11:35 AM EST
Investors considering a purchase of Delta Air Lines Inc (DAL) shares, but tentative about paying the going market price of $50.73/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 $30 strike, which has a bid at the time of this writing of $1.76..