Commit To Purchase Depomed At $13, Earn 16.1% Annualized Using Options
May 04, 2016 at 11:49 AM EDT
Investors considering a purchase of Depomed Inc (DEPO) shares, but cautious about paying the going market price of $16.37/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 $13 strike, which has a bid at the time of this writing of $1.30..