Commit To Buy ON Semiconductor Corp At $13, Earn 8.5% Using Options
August 20, 2019 at 11:41 AM EDT
Investors eyeing a purchase of ON Semiconductor Corp (ON) stock, but cautious about paying the going market price of $18.04/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 $13 strike, which has a bid at the time of this writing of $1.10..