Commit To Purchase Synaptics At $45, Earn 10.4% Using Options
January 13, 2015 at 11:48 AM EST
Investors eyeing a purchase of Synaptics Inc (SYNA) shares, but tentative about paying the going market price of $61.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $45 strike, which has a bid at the time of this writing of $4.70..