Commit To Purchase Fabrinet At $28, Earn 7.5% Using Options
July 06, 2018 at 11:46 AM EDT
Investors considering a purchase of Fabrinet (FN) shares, but cautious about paying the going market price of $37.99/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 $28 strike, which has a bid at the time of this writing of $2.10..