Commit To Buy Alcoa Corporation At $15, Earn 7.7% Using Options
May 23, 2019 at 11:51 AM EDT
Investors considering a purchase of Alcoa Corporation (AA) stock, but cautious about paying the going market price of $23.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $15 strike, which has a bid at the time of this writing of $1.15..