Commit To Buy Patterson Companies At $41, Earn 6.7% Annualized Using Options
February 24, 2017 at 11:40 AM EST
Investors considering a purchase of Patterson Companies Inc (PDCO) stock, but tentative about paying the going market price of $44.78/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $41 strike, which has a bid at the time of this writing of $1.80..