Commit To Purchase AbbVie At $40, Earn 3.2% Using Options
July 16, 2019 at 11:44 AM EDT
Investors eyeing a purchase of AbbVie Inc (ABBV) stock, but tentative about paying the going market price of $69.59/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 $40 strike, which has a bid at the time of this writing of $1.29..