Commit To Buy ServiceNow At $175, Earn 6.1% Using Options

Investors considering a purchase of ServiceNow Inc (NOW) shares, but cautious about paying the going market price of $254.41/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 $175 strike, which has a bid at the time of this writing of $10.60..