Commit To Purchase Monro At $65, Earn 6.4% Annualized Using Options
October 17, 2019 at 11:56 AM EDT
Investors eyeing a purchase of Monro Inc (MNRO) shares, but tentative about paying the going market price of $78.94/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $65 strike, which has a bid at the time of this writing of $2.10..