Commit To Buy Silver Spring Networks At $12.50, Earn 19.9% Annualized Using Options
October 05, 2015 at 14:37 PM EDT
Investors eyeing a purchase of Silver Spring Networks Inc (SSNI) shares, but tentative about paying the going market price of $13.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $12.50 strike, which has a bid at the time of this writing of $1.55..