Commit To Purchase Intercept Pharmaceuticals At $120, Earn 7.9% Using Options
August 14, 2015 at 11:44 AM EDT
Investors considering a purchase of Intercept Pharmaceuticals Inc (ICPT) stock, but tentative about paying the going market price of $208.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $120 strike, which has a bid at the time of this writing of $9.50..