Agree To Buy Otis Worldwide Corp At $72.50, Earn 1.8% Annualized Using Options
February 15, 2024 at 14:49 PM EST
Investors considering a purchase of Otis Worldwide Corp (OTIS) stock, but cautious about paying the going market price of $91.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $72.50 strike, which has a bid at the time of this writing of $1.20..