Agree To Buy Illumina At $125, Earn 5.5% Using Options

Investors considering a purchase of Illumina Inc (ILMN) stock, but cautious about paying the going market price of $178.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $125 strike, which has a bid at the time of this writing of $6.90..