Commit To Buy Infinity Pharmaceuticals At $8, Earn 16.9% Using Options
July 03, 2014 at 11:49 AM EDT
Investors considering a purchase of Infinity Pharmaceuticals Inc (INFI) stock, but cautious about paying the going market price of $12.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $8 strike, which has a bid at the time of this writing of $1.35..