Commit To Buy Newell Brands At $3, Earn 6.7% Using Options
April 22, 2024 at 12:51 PM EDT
Investors eyeing a purchase of Newell Brands Inc (NWL) stock, but tentative about paying the going market price of $6.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2025 put at the $3 strike, which has a bid at the time of this writing of 20 cents..