Commit To Buy Biogen At $180, Earn 5% Using Options
October 18, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Biogen Inc (BIIB) shares, but tentative about paying the going market price of $294.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $180 strike, which has a bid at the time of this writing of $9.00..