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Commit To Purchase Fabrinet At $42, Earn 8% Annualized Using Options
Investors considering a purchase of Fabrinet (FN) stock, but tentative about paying the going market price of $52.22/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $42 strike, which has a bid at the time of this writing of $2.70..
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