Agree To Purchase General Motors At $20, Earn 4.4% Using Options
August 07, 2024 at 11:39 AM EDT
Investors considering a purchase of General Motors Co (GM) shares, but cautious about paying the going market price of $41.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2026 put at the $20 strike, which has a bid at the time of this writing of 88 cents..