Commit To Buy Puma Biotechnology At $30, Earn 50.9% Annualized Using Options
April 27, 2017 at 12:02 PM EDT
Investors eyeing a purchase of Puma Biotechnology Inc (PBYI) stock, but cautious about paying the going market price of $39.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $30 strike, which has a bid at the time of this writing of $5.90..