Commit To Buy Equity Residential At $55, Earn 5.8% Annualized Using Options
February 22, 2017 at 11:57 AM EST
Investors eyeing a purchase of Equity Residential (EQR) stock, but cautious about paying the going market price of $61.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $55 strike, which has a bid at the time of this writing of $2.10..