Commit To Buy Synchronoss Technologies At $30, Earn 8.7% Annualized Using Options
November 03, 2016 at 11:35 AM EDT
Investors considering a purchase of Synchronoss Technologies Inc (SNCR) stock, but tentative about paying the going market price of $37.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $30 strike, which has a bid at the time of this writing of $1.60..