Commit To Purchase Rigel Pharmaceuticals At $2.50, Earn 11.3% Annualized Using Options
March 09, 2015 at 11:36 AM EDT
Investors considering a purchase of Rigel Pharmaceuticals Inc (RIGL) shares, but tentative about paying the going market price of $3.61/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $2.50 strike, which has a bid at the time of this writing of 15 cents..