Commit To Purchase Synaptics At $30, Earn 12.6% Annualized Using Options
October 17, 2017 at 11:35 AM EDT
Investors considering a purchase of Synaptics Inc (SYNA) stock, but cautious about paying the going market price of $37.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2018 put at the $30 strike, which has a bid at the time of this writing of $1.55..