Agree To Buy Zions Bancorporation At $23, Earn 7.7% Using Options

Investors considering a purchase of Zions Bancorporation (ZION) stock, but cautious about paying the going market price of $30.02/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 $23 strike, which has a bid at the time of this writing of $1.76..