Commit To Purchase Red Hat At $62.50, Earn 5.8% Using Options
August 17, 2015 at 11:40 AM EDT
Investors considering a purchase of Red Hat Inc (RHT) shares, but cautious about paying the going market price of $78.84/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 $62.50 strike, which has a bid at the time of this writing of $3.60..