Investors considering a purchase of Cypress Semiconductor (CY) shares, but cautious about paying the going market price of $9.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $7 strike, which has a bid at the time of this writing of 85 cents. Collecting that bid as the premium represents a 12.1% return against the $7 commitment, or a 6.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Cypress Semiconductor At $7, Earn 12.1% Using Options
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