Commit To Buy Galena Biopharma At $1.50, Earn 36.7% Using Options
August 28, 2014 at 11:31 AM EDT
Investors eyeing a purchase of Galena Biopharma Inc (GALE) stock, but cautious about paying the going market price of $2.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $1.50 strike, which has a bid at the time of this writing of 55 cents..