Commit To Purchase Alkermes At $23, Earn 13.6% Annualized Using Options
February 09, 2016 at 11:37 AM EST
Investors eyeing a purchase of Alkermes plc (ALKS) stock, but tentative about paying the going market price of $28.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $23 strike, which has a bid at the time of this writing of $1.65..