Commit To Buy HanesBrands At $13, Earn 7.3% Using Options
April 01, 2019 at 11:53 AM EDT
Investors considering a purchase of HanesBrands Inc (HBI) shares, but tentative about paying the going market price of $18.00/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 $13 strike, which has a bid at the time of this writing of 95 cents..