Commit To Buy Pacific Biosciences of California At $5, Earn 29.2% Annualized Using Options
June 26, 2015 at 11:38 AM EDT
Investors eyeing a purchase of Pacific Biosciences of California Inc (PACB) shares, but cautious about paying the going market price of $5.30/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 $5 strike, which has a bid at the time of this writing of 70 cents..