Commit To Buy Arena Pharmaceuticals At $1, Earn 41.4% Annualized Using Options
May 26, 2017 at 11:37 AM EDT
Investors considering a purchase of Arena Pharmaceuticals Inc (ARNA) shares, but tentative about paying the going market price of $1.35/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 $1 strike, which has a bid at the time of this writing of 27 cents..