Commit To Buy FirstEnergy At $37, Earn 4.5% Using Options
August 06, 2024 at 11:33 AM EDT
Investors considering a purchase of FirstEnergy Corp (FE) shares, but cautious about paying the going market price of $42.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $37 strike, which has a bid at the time of this writing of $1.65..