Agree To Purchase Paychex At $65, Earn 4% Using Options
February 24, 2020 at 11:53 AM EST
Investors eyeing a purchase of Paychex Inc (PAYX) shares, but cautious about paying the going market price of $87.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2022 put at the $65 strike, which has a bid at the time of this writing of $2.60..