Investors eyeing a purchase of PNC Financial Services Group (NYSE: PNC) stock, but tentative about paying the going market price of $71.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $55 strike, which has a bid at the time of this writing of $3.45. Collecting that bid as the premium represents a 6.3% return against the $55 commitment, or a 3.9% annualized rate of ...
Investors eyeing a purchase of PNC Financial Services Group (NYSE: PNC) stock, but tentative about paying the going market price of $71.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $55 strike, which has a bid at the time of this writing of $3.45. Collecting that bid as the premium represents a 6.3% return against the $55 commitment, or a 3.9% annualized rate of ...
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