Commit To Buy Organovo Holdings At $5, Earn 21.6% Annualized Using Options
October 07, 2014 at 11:31 AM EDT
Investors considering a purchase of Organovo Holdings Inc (ONVO) stock, but cautious about paying the going market price of $6.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $5 strike, which has a bid at the time of this writing of 65 cents..