Commit To Buy Medicinova At $5, Earn 23.4% Annualized Using Options
September 30, 2016 at 11:45 AM EDT
Investors considering a purchase of Medicinova Inc (MNOV) shares, but tentative about paying the going market price of $7.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $5 strike, which has a bid at the time of this writing of 65 cents..