Agree To Purchase American Tower At $80, Earn 3.2% Using Options
July 28, 2016 at 11:52 AM EDT
Investors eyeing a purchase of American Tower Corp (AMT) shares, but tentative about paying the going market price of $116.36/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $80 strike, which has a bid at the time of this writing of $2.55..