Agree To Buy Newell Brands At $46, Earn 6.7% Annualized Using Options
September 27, 2016 at 11:39 AM EDT
Investors eyeing a purchase of Newell Brands Inc (NWL) shares, but tentative about paying the going market price of $51.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $46 strike, which has a bid at the time of this writing of $1.45..