Commit To Buy Illumina At $105, Earn 4.3% Using Options
September 20, 2016 at 11:36 AM EDT
Investors eyeing a purchase of Illumina Inc (ILMN) shares, but cautious about paying the going market price of $174.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $105 strike, which has a bid at the time of this writing of $4.50..