Commit To Buy Sanmina Corp At $22, Earn 12.1% Annualized Using Options
March 18, 2015 at 11:33 AM EDT
Investors considering a purchase of Sanmina Corp (SANM) stock, but tentative about paying the going market price of $24.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $22 strike, which has a bid at the time of this writing of $1.55..