Commit To Purchase Lindsay Corp At $65, Earn 6% Annualized Using Options
August 15, 2019 at 13:51 PM EDT
Investors eyeing a purchase of Lindsay Corp (LNN) stock, but cautious about paying the going market price of $86.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2020 put at the $65 strike, which has a bid at the time of this writing of $2.35..