Commit To Buy Sanmina Corp At $22, Earn 12.1% Annualized Using Options

Investors considering a purchase of Sanmina Corp (SANM) stock, but tentative about paying the going market price of $24.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $22 strike, which has a bid at the time of this writing of $1.55..
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