Commit To Buy GATX Corp At $65, Earn 7.3% Annualized Using Options
February 04, 2019 at 11:50 AM EST
Investors eyeing a purchase of GATX Corp (GATX) shares, but tentative about paying the going market price of $74.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $65 strike, which has a bid at the time of this writing of $2.95..