Commit To Purchase Tower International At $20, Earn 6.5% Annualized Using Options
February 22, 2019 at 11:58 AM EST
Investors eyeing a purchase of Tower International Inc (TOWR) shares, but tentative about paying the going market price of $25.96/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 $20 strike, which has a bid at the time of this writing of 85 cents..