Investors eyeing a purchase of Synchronoss Technologies Inc (SNCR) shares, but tentative about paying the going market price of $37.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2014 put at the $30 strike, which has a bid at the time of this writing of $1.60. Collecting that bid as the premium represents a 5.3% return against the $30 commitment, or a 8.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Synchronoss Technologies At $30, Earn 8.1% Annualized Using Options
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