Commit To Purchase Parker Hannifin Corp At $135, Earn 5.2% Annualized Using Options
August 19, 2019 at 11:57 AM EDT
Investors eyeing a purchase of Parker Hannifin Corp (PH) stock, but tentative about paying the going market price of $164.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2020 put at the $135 strike, which has a bid at the time of this writing of $3.60..