Commit To Buy Endocyte At $5, Earn 22.1% Annualized Using Options
July 03, 2014 at 11:48 AM EDT
Investors considering a purchase of Endocyte Inc (ECYT) stock, but cautious about paying the going market price of $6.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $5 strike, which has a bid at the time of this writing of 60 cents..