Agree To Purchase Northeast Utilities At $50, Earn 2.5% Annualized Using Options
January 22, 2015 at 11:35 AM EST
Investors considering a purchase of Northeast Utilities (NU) stock, but cautious about paying the going market price of $55.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $50 strike, which has a bid at the time of this writing of 60 cents..