Commit To Buy Genomic Health At $22.50, Earn 8% Annualized Using Options
July 28, 2015 at 11:35 AM EDT
Investors eyeing a purchase of Genomic Health Inc (GHDX) shares, but cautious about paying the going market price of $26.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $22.50 strike, which has a bid at the time of this writing of $1.15..