Agree To Buy Michael Kors Holdings At $32.50, Earn 5.5% Using Options
July 22, 2016 at 11:44 AM EDT
Investors considering a purchase of Michael Kors Holdings Ltd (KORS) shares, but tentative about paying the going market price of $50.90/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 $32.50 strike, which has a bid at the time of this writing of $1.80..