Commit To Buy Pandora Media At $7, Earn 10% Using Options
January 15, 2019 at 12:03 PM EST
Investors eyeing a purchase of Pandora Media Inc (P) stock, but tentative about paying the going market price of $8.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $7 strike, which has a bid at the time of this writing of 70 cents..