Commit To Purchase Finisar Corp At $13, Earn 12.7% Using Options
January 31, 2018 at 11:46 AM EST
Investors eyeing a purchase of Finisar Corp (FNSR) shares, but cautious about paying the going market price of $17.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $13 strike, which has a bid at the time of this writing of $1.65..