Commit To Buy EnPro Industries At $60, Earn 6.8% Annualized Using Options
March 05, 2018 at 11:42 AM EST
Investors eyeing a purchase of EnPro Industries Inc (NPO) stock, but cautious about paying the going market price of $72.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $60 strike, which has a bid at the time of this writing of $2.25..