Chronicle Journal: Finance

Commit To Purchase Tootsie Roll Industries At $30, Earn 8.7% Annualized Using Options

Investors considering a purchase of Tootsie Roll Industries Inc (TR) stock, but tentative about paying the going market price of $35.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February put at the $30 strike, which has a bid at the time of this writing of 5 cents..
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