Commit To Purchase Ribbon Communications At $5, Earn 12% Annualized Using Options
October 17, 2019 at 11:07 AM EDT
Investors eyeing a purchase of Ribbon Communications Inc (RBBN) shares, but tentative about paying the going market price of $5.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $5 strike, which has a bid at the time of this writing of 30 cents..