Major indices finish lower amid GE earnings disappointment >>> READ MORE

Use Options to Earn Premium on These 3 ‘Forever Hold’ Stocks

Low-risk options for income on stocks you can hold forever

      View All  

AutoZone (AZO) Options

autozone-azo-stockFor AutoZone (AZO), you can buy it here at $536.15 (if you have the capital) and sell the March $540 call for $14. Adding in the $3.85 you pick up if the stock gets called away, that’s a net gain of 3.33%.

Again, if you have the capital, you can sell the March 530 put for $10.50. That’s a 2% gain, with more than $6 of downside protection before the stock gets put to you.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC