Commit To Purchase Nimble Storage At $7.50, Earn 20.9% Annualized Using Options
May 27, 2016 at 11:51 AM EDT
Investors eyeing a purchase of Nimble Storage Inc (NMBL) shares, but tentative about paying the going market price of $8.95/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 $7.50 strike, which has a bid at the time of this writing of 75 cents..