Agree To Buy Delta Air Lines At $43, Earn 7.4% Using Options
March 15, 2018 at 12:02 PM EDT
Investors eyeing a purchase of Delta Air Lines Inc (DAL) stock, but tentative about paying the going market price of $56.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $43 strike, which has a bid at the time of this writing of $3.20..