Commit To Purchase Herc Holdings At $55, Earn 12.1% Annualized Using Options

Investors considering a purchase of Herc Holdings Inc (HRI) shares, but cautious about paying the going market price of $65.30/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 $3.40..
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