Commit To Purchase NeoPhotonics Corp At $5, Earn 6.5% Annualized Using Options
April 11, 2014 at 11:40 AM EDT
Investors eyeing a purchase of NeoPhotonics Corp (NPTN) stock, but cautious about paying the going market price of $6.63/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $5 strike, which has a bid at the time of this writing of 20 cents..