Commit To Buy Affymax Inc At $1, Earn 45.8% Annualized
May 24, 2013 at 13:42 PM EDT
Investors considering a purchase of Affymax Inc (AFFY) stock, but tentative about paying the going market price of $1.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2014 put at the $1 strike, which has a bid at the time of this writing of 30 cents.