Commit To Buy Ophthotech Corp At $40, Earn 8.1% Annualized Using Options
May 12, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Ophthotech Corp (OPHT) shares, but cautious about paying the going market price of $52.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $40 strike, which has a bid at the time of this writing of $1.95..