Commit To Buy Seattle Genetics At $25, Earn 8.5% Annualized Using Options
May 06, 2016 at 11:40 AM EDT
Investors eyeing a purchase of Seattle Genetics Inc (SGEN) shares, but cautious about paying the going market price of $33.13/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 $25 strike, which has a bid at the time of this writing of $1.30..