Commit To Buy Bank of America Corp At $20, Earn 4.5% Using Options
April 10, 2019 at 11:48 AM EDT
Investors eyeing a purchase of Bank of America Corp (BAC) shares, but cautious about paying the going market price of $28.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $20 strike, which has a bid at the time of this writing of 91 cents..