Commit To Purchase Herc Holdings At $35, Earn 7.6% Annualized Using Options
July 01, 2019 at 11:23 AM EDT
Investors considering a purchase of Herc Holdings Inc (HRI) shares, but cautious about paying the going market price of $46.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $35 strike, which has a bid at the time of this writing of $1.25..
