Agree To Purchase First Solar At $30, Earn 6.4% Using Options
October 07, 2015 at 11:42 AM EDT
Investors eyeing a purchase of First Solar Inc (FSLR) shares, but cautious about paying the going market price of $48.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $30 strike, which has a bid at the time of this writing of $1.91..