Commit To Buy Tesaro At $70, Earn 9.9% Using Options
October 20, 2016 at 11:46 AM EDT
Investors eyeing a purchase of Tesaro Inc (TSRO) shares, but tentative about paying the going market price of $112.95/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 $70 strike, which has a bid at the time of this writing of $6.90..