Commit To Purchase Galena Biopharma At $1, Earn 36.1% Annualized Using Options
April 05, 2016 at 11:51 AM EDT
Investors eyeing a purchase of Galena Biopharma Inc (GALE) shares, but tentative about paying the going market price of $1.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $1 strike, which has a bid at the time of this writing of 10 cents..