Commit To Purchase Caleres At $15, Earn 11% Using Options
September 23, 2019 at 11:54 AM EDT
Investors eyeing a purchase of Caleres Inc (CAL) stock, but tentative about paying the going market price of $22.82/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 $15 strike, which has a bid at the time of this writing of $1.65..