Commit To Buy Synaptics At $35, Earn 6.3% Annualized Using Options
April 11, 2017 at 11:42 AM EDT
Investors considering a purchase of Synaptics Inc (SYNA) shares, but cautious about paying the going market price of $50.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $35 strike, which has a bid at the time of this writing of $1.70..