Agree To Purchase Fifth Third Bancorp At $13, Earn 6.5% Using Options
January 14, 2016 at 14:20 PM EST
Investors eyeing a purchase of Fifth Third Bancorp (FITB) stock, but cautious about paying the going market price of $17.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $13 strike, which has a bid at the time of this writing of 84 cents..