Commit To Purchase Medicinova At $5, Earn 39.9% Annualized Using Options
July 11, 2017 at 11:44 AM EDT
Investors considering a purchase of Medicinova Inc (MNOV) stock, but cautious about paying the going market price of $5.26/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 $5 strike, which has a bid at the time of this writing of $1.05..