Commit To Buy Galena Biopharma At $1, Earn 35% Using Options
May 07, 2015 at 11:37 AM EDT
Investors eyeing a purchase of Galena Biopharma Inc (GALE) shares, but cautious about paying the going market price of $1.33/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $1 strike, which has a bid at the time of this writing of 35 cents..