Commit To Purchase Foundation Medicine At $30, Earn 13.3% Annualized Using Options
July 01, 2015 at 11:55 AM EDT
Investors eyeing a purchase of Foundation Medicine Inc (FMI) shares, but cautious about paying the going market price of $33.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $30 strike, which has a bid at the time of this writing of $1.55..