Commit To Purchase Anacor Pharmaceuticals At $20, Earn 11.8% Annualized Using Options
December 24, 2014 at 12:07 PM EST
Investors considering a purchase of Anacor Pharmaceuticals Inc (ANAC) stock, but tentative about paying the going market price of $31.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August 2015 put at the $20 strike, which has a bid at the time of this writing of $1.55..