Commit To Purchase Herc Holdings At $40, Earn 7.2% Using Options
July 17, 2018 at 11:46 AM EDT
Investors eyeing a purchase of Herc Holdings Inc (HRI) shares, but cautious about paying the going market price of $58.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2019 put at the $40 strike, which has a bid at the time of this writing of $2.90..
