Commit To Purchase Eastman Chemical Co At $90, Earn 7.5% Annualized Using Options
October 13, 2021 at 11:41 AM EDT
Investors eyeing a purchase of Eastman Chemical Co (EMN) shares, but tentative about paying the going market price of $103.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2022 put at the $90 strike, which has a bid at the time of this writing of $2.90..