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Commit To Purchase Textron At $70, Earn 7.5% Annualized Using Options

Investors eyeing a purchase of Textron Inc (TXT) stock, but cautious about paying the going market price of $76.83/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $70 strike, which has a bid at the time of this writing of $2.00..

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Textron Inc. (TXT)