Commit To Buy Universal Corp At $45, Earn 6.5% Annualized Using Options
October 17, 2019 at 11:56 AM EDT
Investors considering a purchase of Universal Corp (UVV) stock, but tentative about paying the going market price of $53.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $45 strike, which has a bid at the time of this writing of $1.70..