Commit To Purchase Novanta At $60, Earn 19.3% Annualized Using Options
December 07, 2018 at 13:11 PM EST
Investors eyeing a purchase of Novanta Inc (NOVT) shares, but cautious about paying the going market price of $60.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2019 put at the $60 strike, which has a bid at the time of this writing of $5.10..