Commit To Purchase Herc Holdings At $55, Earn 9.4% Annualized Using Options

Investors eyeing a purchase of Herc Holdings Inc (HRI) stock, but cautious about paying the going market price of $65.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $55 strike, which has a bid at the time of this writing of $3.70..
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