Commit To Purchase Dyax Corp At $20, Earn 31.3% Annualized Using Options
October 08, 2015 at 11:44 AM EDT
Investors considering a purchase of Dyax Corp (DYAX) stock, but cautious about paying the going market price of $22.06/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 $20 strike, which has a bid at the time of this writing of $2.30..