Commit To Purchase Illumina At $90, Earn 6.7% Using Options
June 21, 2016 at 11:42 AM EDT
Investors considering a purchase of Illumina Inc (ILMN) stock, but tentative about paying the going market price of $138.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $90 strike, which has a bid at the time of this writing of $6.00..