Commit To Buy Arena Pharmaceuticals At $1.50, Earn 22% Using Options
October 07, 2015 at 11:42 AM EDT
Investors eyeing a purchase of Arena Pharmaceuticals Inc (ARNA) shares, but tentative about paying the going market price of $2.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $1.50 strike, which has a bid at the time of this writing of 33 cents..