Agree To Buy Patterson Companies At $43, Earn 6.6% Annualized Using Options
August 26, 2016 at 11:49 AM EDT
Investors considering a purchase of Patterson Companies Inc (PDCO) shares, but cautious about paying the going market price of $46.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $43 strike, which has a bid at the time of this writing of $1.85..