Commit To Buy Vanda Pharmaceuticals At $7, Earn 15% Using Options
November 06, 2014 at 11:54 AM EST
Investors eyeing a purchase of Vanda Pharmaceuticals Inc (VNDA) stock, but tentative about paying the going market price of $12.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $7 strike, which has a bid at the time of this writing of $1.05..