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Palo Alto Networks (PANW) has returned 71.4% over the past year and trades about 15% below its 52-week high. You can be paid now for agreeing to buy the shares well below today's price, and you keep that payment either way. The catch: the stock has to fall a long way first, and the slowdown management has already guided to is in the growth measures, not in the company total.
13% annualized yield at a 29% margin of safety, by selling put options.
Sell a put option on PANW expiring 9/17/2027, with a strike price of $240.
Collect roughly $2,128 in premium per contract (each contract covers 100 shares).
