Investors eyeing a purchase of Ciena Corp (CIEN) stock, but tentative about paying the going market price of $19.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $12 strike, which has a bid at the time of this writing of $1.07. Collecting that bid as the premium represents a 8.9% return against the $12 commitment, or a 5.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Ciena Corp At $12, Earn 8.9%
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