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Commit To Buy Lithia Motors At $210, Earn 6.5% Annualized Using Options

Investors eyeing a purchase of Lithia Motors Inc (LAD) stock, but tentative about paying the going market price of $282.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $210 strike, which has a bid at the time of this writing of $10.00..
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