Commit To Purchase Electro Scientific Industries At $12.50, Earn 10.8% Annualized Using Options
October 04, 2018 at 11:48 AM EDT
Investors eyeing a purchase of Electro Scientific Industries Inc (ESIO) shares, but cautious about paying the going market price of $16.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2019 put at the $12.50 strike, which has a bid at the time of this writing of 60 cents..