Commit To Buy Idera Pharmaceuticals At $1.50, Earn 11.9% Annualized Using Options
November 10, 2014 at 11:44 AM EST
Investors considering a purchase of Idera Pharmaceuticals Inc (IDRA) stock, but cautious about paying the going market price of $2.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2015 put at the $1.50 strike, which has a bid at the time of this writing of 5 cents..