Commit To Buy BorgWarner At $40, Earn 8% Annualized Using Options
October 13, 2021 at 11:41 AM EDT
Investors eyeing a purchase of BorgWarner Inc (BWA) stock, but cautious about paying the going market price of $46.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2022 put at the $40 strike, which has a bid at the time of this writing of $1.60..