Commit To Buy Fifth Third Bancorp At $15, Earn 4.9% Using Options
August 24, 2016 at 11:39 AM EDT
Investors considering a purchase of Fifth Third Bancorp (FITB) stock, but tentative about paying the going market price of $19.54/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 $15 strike, which has a bid at the time of this writing of 73 cents..