Agree To Buy LyondellBasell Industries At $60, Earn 7.5% Using Options
October 05, 2021 at 11:32 AM EDT
Investors considering a purchase of LyondellBasell Industries NV (LYB) stock, but tentative about paying the going market price of $97.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2024 put at the $60 strike, which has a bid at the time of this writing of $4.50..