Commit To Buy Vulcan Materials At $260, Earn 9.3% Annualized Using Options
May 16, 2024 at 11:52 AM EDT
Investors eyeing a purchase of Vulcan Materials Co (VMC) stock, but cautious about paying the going market price of $262.64/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 $260 strike, which has a bid at the time of this writing of $12.10..