Commit To Purchase OmniVision Technologies At $18, Earn 7.7% Annualized Using Options

Investors considering a purchase of OmniVision Technologies Inc (OVTI) stock, but tentative about paying the going market price of $24.16/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 $18 strike, which has a bid at the time of this writing of 65 cents..