Agree To Purchase Delphi Automotive At $62.50, Earn 9.4% Annualized Using Options
August 24, 2016 at 11:41 AM EDT
Investors considering a purchase of Delphi Automotive plc (DLPH) stock, but cautious about paying the going market price of $68.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $62.50 strike, which has a bid at the time of this writing of $2.85..