Commit To Purchase Luminex Corp At $22.50, Earn 16.9% Annualized Using Options
March 26, 2019 at 11:48 AM EDT
Investors considering a purchase of Luminex Corp (LMNX) shares, but cautious about paying the going market price of $23.83/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $22.50 strike, which has a bid at the time of this writing of $1.20..