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Commit To Buy Modine Manufacturing At $15, Earn 11% Annualized Using Options

Investors considering a purchase of Modine Manufacturing Co (MOD) stock, but tentative about paying the going market price of $18.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $15 strike, which has a bid at the time of this writing of 55 cents..
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