Commit To Buy Synchronoss Technologies At $22.50, Earn 13.7% Annualized Using Options
March 09, 2017 at 12:23 PM EST
Investors considering a purchase of Synchronoss Technologies Inc (SNCR) shares, but tentative about paying the going market price of $26.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $22.50 strike, which has a bid at the time of this writing of $1.60..