Commit To Purchase Asbury Automotive Group At $85, Earn 5.8% Annualized Using Options
September 19, 2019 at 14:39 PM EDT
Investors eyeing a purchase of Asbury Automotive Group Inc (ABG) shares, but tentative about paying the going market price of $101.45/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $85 strike, which has a bid at the time of this writing of $2.85..