Commit To Buy Cynosure At $30, Earn 8.6% Annualized Using Options
May 27, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Cynosure Inc (CYNO) shares, but cautious about paying the going market price of $35.35/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 $30 strike, which has a bid at the time of this writing of $1.65..