Investors considering a purchase of AutoZone, Inc. (AZO) shares, but cautious about paying the going market price of $530.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $460 strike, which has a bid at the time of this writing of $27.20. Collecting that bid as the premium represents a 5.9% return against the $460 commitment, or a 3.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Agree To Purchase AutoZone At $460, Earn 5.9% Using Options
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