Commit To Purchase Alkermes At $45, Earn 11.5% Annualized Using Options
March 14, 2018 at 11:50 AM EDT
Investors eyeing a purchase of Alkermes plc (ALKS) stock, but tentative about paying the going market price of $61.53/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 $45 strike, which has a bid at the time of this writing of $4.00..