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Barchart
Barchart
Mark R. Hake, CFA

Lam Research Put Options Short Play - Make a 6% Yield Over 2 Months

LRCX Lam Research Barchart

Lam Research Inc. (LRCX) stock has been on a tear, but that has also raised LTCX put option premiums. An investor can short an out-of-the-money put (17% lower strike price) for a 6% yield over 2 months.

LRCX rose over 5.2% on Monday, June 22, closing at $409.54. Moreover, in the last two weeks, since June 5, the stock is up 35% from a recent trough of $303.28.

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