Commit To Buy NeoPhotonics Corp At $7.50, Earn 30.6% Annualized Using Options
February 22, 2019 at 11:55 AM EST
Investors eyeing a purchase of NeoPhotonics Corp (NPTN) shares, but tentative about paying the going market price of $7.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $7.50 strike, which has a bid at the time of this writing of $1.10..