Commit To Purchase Silver Spring Networks At $10, Earn 9.8% Annualized Using Options
April 28, 2016 at 11:39 AM EDT
Investors eyeing a purchase of Silver Spring Networks Inc (SSNI) stock, but cautious about paying the going market price of $14.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $10 strike, which has a bid at the time of this writing of 55 cents..