Kevin Kelly of Benchmark Investments suggested on Bloomberg Markets that investors should consider an options strategy in Kimco Realty Corp KIM.
He wants to buy the stock and collect a dividend of 1.66 percent at the end of December. Additionally, he wants to sell the January 17.5 call for $0.20, which is 1.2 percent of the current stock price. If the stock trades higher, he can participate in the move until $17.50.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in