Commit To Buy Central Garden & Pet At $30, Earn 9.7% Annualized Using Options
January 15, 2019 at 11:50 AM EST
Investors eyeing a purchase of Central Garden & Pet Co (CENTA) shares, but cautious about paying the going market price of $34.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $30 strike, which has a bid at the time of this writing of $1.25..