Commit To Buy SiteOne Landscape Supply At $70, Earn 10.5% Annualized Using Options
October 17, 2019 at 11:57 AM EDT
Investors considering a purchase of SiteOne Landscape Supply Inc (SITE) shares, but tentative about paying the going market price of $76.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $70 strike, which has a bid at the time of this writing of $3.70..
