Agree To Buy Johnson Controls International At $30, Earn 5.3% Using Options
April 23, 2019 at 11:54 AM EDT
Investors eyeing a purchase of Johnson Controls International plc (JCI) stock, but tentative about paying the going market price of $36.88/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 $30 strike, which has a bid at the time of this writing of $1.60..