Agree To Purchase Red Hat At $150, Earn 1.1% Annualized Using Options
April 26, 2019 at 11:52 AM EDT
Investors considering a purchase of Red Hat Inc (RHT) shares, but cautious about paying the going market price of $182.37/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 $150 strike, which has a bid at the time of this writing of $1.15..