Commit To Purchase Sequenom At $1, Earn 12.9% Annualized Using Options
July 03, 2014 at 12:04 PM EDT
Investors eyeing a purchase of Sequenom Inc (SQNM) stock, but cautious about paying the going market price of $4.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $1 strike, which has a bid at the time of this writing of 7 cents..