Commit To Buy Exelixis At $5, Earn 12% Using Options
July 22, 2016 at 11:45 AM EDT
Investors considering a purchase of Exelixis Inc (EXEL) stock, but cautious about paying the going market price of $8.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $5 strike, which has a bid at the time of this writing of 60 cents..