Agree To Purchase Cadence Design Systems At $40, Earn 4.3% Annualized Using Options
September 18, 2018 at 11:46 AM EDT
Investors considering a purchase of Cadence Design Systems Inc (CDNS) stock, but cautious about paying the going market price of $45.45/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $40 strike, which has a bid at the time of this writing of 70 cents..