Commit To Purchase Synnex Corp At $70, Earn 9.1% Annualized Using Options
August 14, 2015 at 11:41 AM EDT
Investors considering a purchase of Synnex Corp (SNX) stock, but tentative about paying the going market price of $77.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $70 strike, which has a bid at the time of this writing of $3.80..