Commit To Buy Paycom Software At $140, Earn 9% Using Options
April 26, 2019 at 11:53 AM EDT
Investors considering a purchase of Paycom Software Inc (PAYC) shares, but cautious about paying the going market price of $199.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $140 strike, which has a bid at the time of this writing of $12.60..