Commit To Purchase Synaptics At $55, Earn 6.7% Using Options
April 16, 2015 at 12:00 PM EDT
Investors considering a purchase of Synaptics Inc (SYNA) shares, but tentative about paying the going market price of $89.11/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 $55 strike, which has a bid at the time of this writing of $3.70..