Commit To Buy Leggett & Platt At $25, Earn 4.5% Annualized

Investors considering a purchase of Leggett & Platt, Inc. (NYSE: LEG) stock, but tentative about paying the going market price of $30.52/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $25 strike, which has a bid at the time of this writing of 55 cents. Collecting that bid as the premium represents a 2.2% return against the $25 commitment, or a 4.5% annualized rate of ret...