Agree To Purchase Illumina At $105, Earn 8.2% Using Options

Investors considering a purchase of Illumina Inc (ILMN) shares, but tentative about paying the going market price of $164.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $105 strike, which has a bid at the time of this writing of $8.60..