Commit To Buy Synchronoss Technologies At $35, Earn 7.1% Annualized Using Options
May 18, 2015 at 11:36 AM EDT
Investors considering a purchase of Synchronoss Technologies Inc (SNCR) shares, but cautious about paying the going market price of $46.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $35 strike, which has a bid at the time of this writing of $1.45..