Agree To Purchase Allstate Corp At $77.50, Earn 3.2% Using Options
June 24, 2019 at 11:45 AM EDT
Investors eyeing a purchase of Allstate Corp (ALL) shares, but cautious about paying the going market price of $102.45/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $77.50 strike, which has a bid at the time of this writing of $2.51..