Commit To Buy United Rentals At $115, Earn 7.9% Using Options
April 29, 2019 at 11:52 AM EDT
Investors eyeing a purchase of United Rentals Inc (URI) shares, but cautious about paying the going market price of $140.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2020 put at the $115 strike, which has a bid at the time of this writing of $9.10..