Commit To Buy Arconic At $20, Earn 23.1% Annualized Using Options
October 22, 2018 at 11:54 AM EDT
Investors considering a purchase of Arconic Inc (ARNC) shares, but cautious about paying the going market price of $21.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $20 strike, which has a bid at the time of this writing of $1.47..