Investors eyeing a purchase of First Solar (FSLR) shares, but cautious about paying the going market price of $58.38/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 $40 strike, which has a bid at the time of this writing of $4.45. Collecting that bid as the premium represents a 11.1% return against the $40 commitment, or a 6.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Agree To Buy First Solar At $40, Earn 11.1% Using Options
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