Commit To Buy XenoPort At $3, Earn 10.9% Annualized Using Options
May 06, 2016 at 11:42 AM EDT
Investors considering a purchase of XenoPort Inc (XNPT) shares, but cautious about paying the going market price of $4.16/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $3 strike, which has a bid at the time of this writing of 20 cents..