Commit To Buy Galena Biopharma At $1.50, Earn 36.7% Using Options

Investors eyeing a purchase of Galena Biopharma Inc (GALE) stock, but cautious about paying the going market price of $2.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $1.50 strike, which has a bid at the time of this writing of 55 cents..
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