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September 01, 2020 10:27am
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Agree To Buy Ameriprise Financial At $170, Earn 2.6% Annualized Using Options

Investors considering a purchase of Ameriprise Financial Inc (AMP) shares, but cautious about paying the going market price of $269.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2022 put at the $170 strike, which has a bid at the time of this writing of $1.95..
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