Commit To Purchase Endocyte At $6, Earn 23% Annualized Using Options
April 01, 2015 at 11:32 AM EDT
Investors considering a purchase of Endocyte Inc (ECYT) shares, but tentative about paying the going market price of $6.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $6 strike, which has a bid at the time of this writing of 75 cents..