Commit To Buy Finisar At $15, Earn 11% Using Options
August 28, 2014 at 11:30 AM EDT
Investors considering a purchase of Finisar Corp (FNSR) shares, but tentative about paying the going market price of $19.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $15 strike, which has a bid at the time of this writing of $1.65..