Commit To Buy Proofpoint At $50, Earn 10.9% Annualized Using Options
March 31, 2015 at 11:32 AM EDT
Investors considering a purchase of Proofpoint Inc (PFPT) stock, but tentative about paying the going market price of $59.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $50 strike, which has a bid at the time of this writing of $3.50..