Commit To Buy Meritor At $11, Earn 11.3% Annualized Using Options
January 24, 2017 at 11:42 AM EST
Investors considering a purchase of Meritor Inc (MTOR) stock, but cautious about paying the going market price of $14.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $11 strike, which has a bid at the time of this writing of 70 cents..