Commit To Buy Tesoro Corporation At $40, Earn 3.9% Using Options
November 29, 2016 at 11:34 AM EST
Investors eyeing a purchase of Tesoro Corporation (TSO) stock, but tentative about paying the going market price of $83.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $40 strike, which has a bid at the time of this writing of $1.56..