Commit To Purchase Silver Spring Networks At $10, Earn 12.5% Annualized Using Options
July 27, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Silver Spring Networks Inc (SSNI) stock, but cautious about paying the going market price of $12.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $10 strike, which has a bid at the time of this writing of 70 cents..