Commit To Buy Akorn At $17.50, Earn 12.6% Using Options
January 20, 2017 at 13:21 PM EST
Investors eyeing a purchase of Akorn Inc (AKRX) shares, but cautious about paying the going market price of $20.59/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 $17.50 strike, which has a bid at the time of this writing of $2.20..