Commit To Buy Shutterfly At $30, Earn 6.8% Using Options
September 01, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Shutterfly Inc (SFLY) shares, but cautious about paying the going market price of $38.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $30 strike, which has a bid at the time of this writing of $2.05..