Commit To Purchase MacroGenics At $20, Earn 20.7% Annualized Using Options
May 27, 2016 at 12:00 PM EDT
Investors eyeing a purchase of MacroGenics, Inc (MGNX) shares, but cautious about paying the going market price of $24.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $20 strike, which has a bid at the time of this writing of $2.70..