Commit To Purchase Meritage Homes Corp At $20, Earn 6.8% Annualized Using Options
February 05, 2016 at 11:50 AM EST
Investors considering a purchase of Meritage Homes Corp (MTH) shares, but cautious about paying the going market price of $30.31/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 $20 strike, which has a bid at the time of this writing of $1.30..