Commit To Purchase Herc Holdings At $25, Earn 6.2% Using Options
October 15, 2018 at 11:54 AM EDT
Investors eyeing a purchase of Herc Holdings Inc (HRI) stock, but tentative about paying the going market price of $39.83/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 $25 strike, which has a bid at the time of this writing of $1.55..