Commit To Buy NeoPhotonics Corp At $7.50, Earn 23.1% Annualized Using Options
July 06, 2015 at 11:31 AM EDT
Investors eyeing a purchase of NeoPhotonics Corp (NPTN) shares, but tentative about paying the going market price of $9.17/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 $7.50 strike, which has a bid at the time of this writing of 65 cents..