Commit To Purchase Proofpoint At $30, Earn 11.7% Annualized Using Options
September 29, 2014 at 11:29 AM EDT
Investors considering a purchase of Proofpoint Inc (PFPT) shares, but tentative about paying the going market price of $38.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $30 strike, which has a bid at the time of this writing of $2.20..