Commit To Purchase Modine Manufacturing At $12.50, Earn 10.8% Annualized Using Options
July 16, 2019 at 11:50 AM EDT
Investors eyeing a purchase of Modine Manufacturing Co (MOD) stock, but cautious about paying the going market price of $14.44/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 $12.50 strike, which has a bid at the time of this writing of 45 cents..