Commit To Buy Cigna Corp At $72.50, Earn 4.1% Using Options
July 28, 2014 at 11:25 AM EDT
Investors considering a purchase of Cigna Corp (CI) shares, but cautious about paying the going market price of $96.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $72.50 strike, which has a bid at the time of this writing of $3.00..