Commit To Purchase MacroGenics At $17.50, Earn 20.3% Annualized Using Options
October 01, 2014 at 11:30 AM EDT
Investors eyeing a purchase of MacroGenics, Inc (MGNX) stock, but cautious about paying the going market price of $19.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $17.50 strike, which has a bid at the time of this writing of $1.05..