Commit To Purchase Ligand Pharmaceuticals At $75, Earn 6.7% Annualized Using Options
July 24, 2015 at 11:35 AM EDT
Investors eyeing a purchase of Ligand Pharmaceuticals Inc (LGND) shares, but tentative about paying the going market price of $105.98/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 $75 strike, which has a bid at the time of this writing of $2.90..