Commit To Buy Kellogg At $57.50, Earn 4.6% Using Options
July 28, 2015 at 11:37 AM EDT
Investors eyeing a purchase of Kellogg Co (K) stock, but cautious about paying the going market price of $64.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $57.50 strike, which has a bid at the time of this writing of $2.65..