Commit To Purchase Puma Biotechnology At $50, Earn 11.9% Annualized Using Options
March 23, 2018 at 11:56 AM EDT
Investors considering a purchase of Puma Biotechnology Inc (PBYI) stock, but tentative about paying the going market price of $70.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $50 strike, which has a bid at the time of this writing of $4.90..