Investors considering a purchase of AutoZone, Inc. (AZO) shares, but tentative about paying the going market price of $425.61/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 $290 strike, which has a bid at the time of this writing of $6.60. Collecting that bid as the premium represents a 2.3% return against the $290 commitment, or a 1.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Agree To Buy AutoZone At $290, Earn 2.3%
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