Commit To Buy Avery Dennison Corp At $170, Earn 4.6% Annualized Using Options
October 13, 2021 at 11:42 AM EDT
Investors eyeing a purchase of Avery Dennison Corp (AVY) shares, but cautious about paying the going market price of $203.33/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2022 put at the $170 strike, which has a bid at the time of this writing of $3.90..