Commit To Purchase Sequenom At $1.50, Earn 16.7% Using Options
October 02, 2014 at 11:32 AM EDT
Investors eyeing a purchase of Sequenom Inc (SQNM) shares, but cautious about paying the going market price of $2.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $1.50 strike, which has a bid at the time of this writing of 25 cents..