Commit To Purchase Illumina At $130, Earn 7.7% Using Options
March 31, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Illumina Inc (ILMN) stock, but cautious about paying the going market price of $186.06/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 $130 strike, which has a bid at the time of this writing of $10.00..