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Synopsys (SNPS) trades about 26% below its 52-week high after falling about 34% over the past year. You can be paid now to agree to buy it well below today's price, and you keep that payment either way. The catch is that you must want the business. One analyst says investors constantly ask whether AI could disrupt the kind of software Synopsys sells, and that a school of thought asks whether AI could design chips end to end without it.
10% annualized yield at a 30% margin of safety, by selling put options.
Sell a put option on SNPS expiring 9/17/2027, with a strike price of $280.
Collect roughly $1,840 in premium per contract (each contract covers 100 shares).