Agree To Purchase Acuity Brands At $155, Earn 1.5% Annualized Using Options
October 06, 2016 at 11:34 AM EDT
Investors considering a purchase of Acuity Brands Inc (AYI) stock, but cautious about paying the going market price of $241.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $155 strike, which has a bid at the time of this writing of $1.45..