Commit To Purchase Endocyte At $3, Earn 10.5% Annualized Using Options
June 02, 2016 at 12:04 PM EDT
Investors eyeing a purchase of Endocyte Inc (ECYT) shares, but cautious about paying the going market price of $3.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $3 strike, which has a bid at the time of this writing of 20 cents..