Commit To Buy Ingles Markets At $35, Earn 12.3% Annualized Using Options
October 17, 2019 at 11:07 AM EDT
Investors considering a purchase of Ingles Markets Inc (IMKTA) stock, but tentative about paying the going market price of $38.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2020 put at the $35 strike, which has a bid at the time of this writing of $1.50..