Commit To Buy Palo Alto Networks At $90, Earn 6.9% Using Options
August 16, 2016 at 11:40 AM EDT
Investors eyeing a purchase of Palo Alto Networks, Inc (PANW) stock, but cautious about paying the going market price of $132.43/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 $90 strike, which has a bid at the time of this writing of $6.20..