Commit To Buy Asbury Automotive Group At $120, Earn 94.4% Annualized Using Options
June 10, 2024 at 11:34 AM EDT
Investors considering a purchase of Asbury Automotive Group Inc (ABG) stock, but tentative about paying the going market price of $229.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $120 strike, which has a bid at the time of this writing of $12.10..