Commit To Purchase Synchronoss Technologies At $7.50, Earn 19.3% Using Options

Investors eyeing a purchase of Synchronoss Technologies Inc (SNCR) stock, but cautious about paying the going market price of $10.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $7.50 strike, which has a bid at the time of this writing of $1.45..