Commit To Purchase Ciena At $13, Earn 7.7% Using Options
August 04, 2014 at 11:28 AM EDT
Investors considering a purchase of Ciena Corp (CIEN) stock, but tentative about paying the going market price of $18.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $13 strike, which has a bid at the time of this writing of $1.00..