Commit To Purchase Teledyne Technologies At $470, Earn 4.3% Annualized Using Options

Investors considering a purchase of Teledyne Technologies Inc (TDY) stock, but tentative about paying the going market price of $499.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $470 strike, which has a bid at the time of this writing of $11.60..