Commit To Purchase Essex Property Trust At $170, Earn 1.7% Annualized Using Options
March 19, 2024 at 12:32 PM EDT
Investors considering a purchase of Essex Property Trust Inc (ESS) stock, but cautious about paying the going market price of $236.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $170 strike, which has a bid at the time of this writing of $1.90..