Commit To Purchase Core Mark Holding At $70, Earn 7.9% Annualized Using Options
October 09, 2015 at 11:51 AM EDT
Investors considering a purchase of Core Mark Holding Co Inc (CORE) stock, but tentative about paying the going market price of $77.92/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $70 strike, which has a bid at the time of this writing of $3.40..