Commit To Purchase Anacor Pharmaceuticals At $95, Earn 16.7% Annualized Using Options
September 22, 2015 at 11:40 AM EDT
Investors considering a purchase of Anacor Pharmaceuticals Inc (ANAC) shares, but tentative about paying the going market price of $129.51/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $95 strike, which has a bid at the time of this writing of $10.50..