Commit To Buy John Bean Technologies At $70, Earn 34.8% Annualized Using Options
May 20, 2024 at 11:38 AM EDT
Investors eyeing a purchase of John Bean Technologies Corp (JBT) shares, but cautious about paying the going market price of $93.80/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 $70 strike, which has a bid at the time of this writing of $4.00..