Commit To Buy Genomic Health At $22.50, Earn 10.9% Annualized Using Options
September 12, 2016 at 11:35 AM EDT
Investors considering a purchase of Genomic Health Inc (GHDX) stock, but cautious about paying the going market price of $26.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $22.50 strike, which has a bid at the time of this writing of $1.25..