Commit To Buy Synchronoss Technologies At $30, Earn 9.4% Annualized Using Options

Investors considering a purchase of Synchronoss Technologies Inc (SNCR) stock, but cautious about paying the going market price of $37.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $30 strike, which has a bid at the time of this writing of $1.75..