Commit To Purchase Loxo Oncology At $70, Earn 10.2% Annualized Using Options
October 19, 2017 at 11:30 AM EDT
Investors considering a purchase of Loxo Oncology, Inc (LOXO) shares, but tentative about paying the going market price of $86.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2018 put at the $70 strike, which has a bid at the time of this writing of $4.70..