Investors eyeing a purchase of Multi-Fineline Electronix Inc (MFLX) shares, but tentative about paying the going market price of $16.35/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 $15 strike, which has a bid at the time of this writing of 75 cents. Collecting that bid as the premium represents a 5% return against the $15 commitment, or a 15.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Multi-Fineline Electronix At $15, Earn 15.7% Annualized
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