Commit To Purchase Lowe's Companies At $70, Earn 3.9% Using Options
July 05, 2018 at 11:51 AM EDT
Investors considering a purchase of Lowe's Companies Inc (LOW) shares, but cautious about paying the going market price of $95.01/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 $70 strike, which has a bid at the time of this writing of $2.73..