Commit To Purchase Michael Kors Holdings At $27.50, Earn 5.3% Using Options
October 20, 2016 at 11:48 AM EDT
Investors eyeing a purchase of Michael Kors Holdings Ltd (KORS) shares, but tentative about paying the going market price of $49.23/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 $27.50 strike, which has a bid at the time of this writing of $1.45..