Commit To Buy Rubicon Technology At $7, Earn 20.8% Annualized Using Options
July 10, 2014 at 11:54 AM EDT
Investors eyeing a purchase of Rubicon Technology Inc (RBCN) shares, but cautious about paying the going market price of $8.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $7 strike, which has a bid at the time of this writing of 65 cents..