Commit To Buy Cavium At $38, Earn 11.6% Annualized Using Options
July 29, 2016 at 11:47 AM EDT
Investors considering a purchase of Cavium Inc (CAVM) stock, but tentative about paying the going market price of $47.23/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $38 strike, which has a bid at the time of this writing of $2.80..