Agree To Buy STERIS At $220, Earn 7.5% Annualized Using Options
February 15, 2024 at 14:38 PM EST
Investors considering a purchase of STERIS plc (STE) stock, but cautious about paying the going market price of $232.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $220 strike, which has a bid at the time of this writing of $2.90..