Investors considering a purchase of W.W. Grainger Inc. (GWW) stock, but cautious about paying the going market price of $252.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $230 strike, which has a bid at the time of this writing of $7.30. Collecting that bid as the premium represents a 3.2% return against the $230 commitment, or a 5.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy W.W. Grainger At $230, Earn 5.6% Annualized Using Options
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