Agree To Purchase Centene At $55, Earn 5.9% Annualized Using Options
August 26, 2016 at 11:46 AM EDT
Investors eyeing a purchase of Centene Corp (CNC) shares, but tentative about paying the going market price of $68.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $55 strike, which has a bid at the time of this writing of $1.80..