Agree To Buy Dover Corp At $90, Earn 7.6% Annualized Using Options

Investors eyeing a purchase of Dover Corp (DOV) shares, but tentative about paying the going market price of $99.16/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 $90 strike, which has a bid at the time of this writing of $3.40..