Investors considering a purchase of Varian Medical Systems, Inc. (VAR) shares, but cautious about paying the going market price of $74.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2014 put at the $70 strike, which has a bid at the time of this writing of $2.65. Collecting that bid as the premium represents a 3.8% return against the $70 commitment, or a 9.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Varian Medical Systems At $70, Earn 9.2% Annualized
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