Commit To Buy Sequenom At $1, Earn 39.7% Annualized Using Options

Investors considering a purchase of Sequenom Inc (SQNM) stock, but tentative about paying the going market price of $1.39/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 $1 strike, which has a bid at the time of this writing of 16 cents..