Commit To Buy Impax Laboratories At $22.50, Earn 15.8% Annualized Using Options
September 13, 2016 at 11:39 AM EDT
Investors eyeing a purchase of Impax Laboratories Inc (IPXL) shares, but cautious about paying the going market price of $24.78/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $22.50 strike, which has a bid at the time of this writing of $1.80..