Agree To Purchase Cigna Corp At $120, Earn 9.3% Annualized Using Options
May 27, 2016 at 11:48 AM EDT
Investors considering a purchase of Cigna Corp (CI) shares, but tentative about paying the going market price of $129.36/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 $120 strike, which has a bid at the time of this writing of $7.25..