Agree To Buy Intuit At $70, Earn 4.1% Using Options
January 20, 2016 at 11:48 AM EST
Investors eyeing a purchase of Intuit Inc (INTU) stock, but cautious about paying the going market price of $89.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $70 strike, which has a bid at the time of this writing of $2.90..