Commit To Buy Enersys At $55, Earn 4.9% Annualized Using Options
February 07, 2019 at 11:54 AM EST
Investors considering a purchase of Enersys (ENS) stock, but tentative about paying the going market price of $70.75/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 $55 strike, which has a bid at the time of this writing of $1.65..