Commit To Purchase Gigamon At $25, Earn 8.4% Annualized Using Options
May 26, 2015 at 11:34 AM EDT
Investors considering a purchase of Gigamon Inc (GIMO) stock, but cautious about paying the going market price of $30.88/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 $25 strike, which has a bid at the time of this writing of $1.35..