Commit To Purchase Aratana Therapeutics At $15, Earn 14.4% Annualized Using Options
September 03, 2015 at 11:41 AM EDT
Investors eyeing a purchase of Aratana Therapeutics, Inc (PETX) shares, but cautious about paying the going market price of $18.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2016 put at the $15 strike, which has a bid at the time of this writing of $1.00..