Commit To Buy Aduro Biotech At $10, Earn 18.9% Annualized Using Options
July 01, 2016 at 12:38 PM EDT
Investors eyeing a purchase of Aduro Biotech Inc (ADRO) shares, but cautious about paying the going market price of $12.12/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 $10 strike, which has a bid at the time of this writing of $1.05..