Commit To Purchase Splunk At $40, Earn 6.1% Using Options
January 10, 2017 at 11:38 AM EST
Investors considering a purchase of Splunk Inc (SPLK) shares, but cautious about paying the going market price of $55.99/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 $40 strike, which has a bid at the time of this writing of $2.45..