Agree To Buy Essex Property Trust At $200, Earn 5.9% Annualized Using Options

Investors considering a purchase of Essex Property Trust Inc (ESS) shares, but cautious about paying the going market price of $219.54/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 $200 strike, which has a bid at the time of this writing of $5.70..