Commit To Buy Arch Coal At $60, Earn 8.3% Annualized Using Options
November 06, 2019 at 11:50 AM EST
Investors eyeing a purchase of Arch Coal Inc (ARCH) stock, but tentative about paying the going market price of $79.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $60 strike, which has a bid at the time of this writing of $2.60..
