Agree To Buy Advance Auto Parts At $140, Earn 7.3% Using Options
April 23, 2019 at 11:57 AM EDT
Investors considering a purchase of Advance Auto Parts Inc (AAP) shares, but cautious about paying the going market price of $172.38/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 $10.20..