Commit To Purchase Alkermes At $42, Earn 15.3% Annualized Using Options
August 08, 2016 at 11:43 AM EDT
Investors considering a purchase of Alkermes plc (ALKS) stock, but cautious about paying the going market price of $47.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $42 strike, which has a bid at the time of this writing of $3.40..