Commit To Purchase Proofpoint At $105, Earn 8.5% Annualized Using Options
May 03, 2019 at 11:50 AM EDT
Investors eyeing a purchase of Proofpoint Inc (PFPT) shares, but cautious about paying the going market price of $124.56/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 $105 strike, which has a bid at the time of this writing of $4.80..