Agree To Purchase XL Group At $29, Earn 4.6% Annualized Using Options
July 26, 2016 at 11:44 AM EDT
Investors eyeing a purchase of XL Group Ltd (XL) shares, but tentative about paying the going market price of $32.83/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $29 strike, which has a bid at the time of this writing of 65 cents..