Agree To Purchase Cintas Corporation At $97.50, Earn 4.8% Annualized Using Options
July 28, 2016 at 11:50 AM EDT
Investors eyeing a purchase of Cintas Corporation (CTAS) stock, but cautious about paying the going market price of $107.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $97.50 strike, which has a bid at the time of this writing of $1.45..