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Commit To Buy Parker Hannifin At $490, Earn 6.6% Annualized Using Options

Investors eyeing a purchase of Parker Hannifin Corp (PH) stock, but cautious about paying the going market price of $546.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $490 strike, which has a bid at the time of this writing of $18.80..

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Parker-Hannifin Corporation (PH)