Commit To Purchase Adverum Biotechnologies At $2.50, Earn 12.5% Annualized Using Options
July 27, 2016 at 11:48 AM EDT
Investors considering a purchase of Adverum Biotechnologies Inc (ADVM) stock, but cautious about paying the going market price of $3.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $2.50 strike, which has a bid at the time of this writing of 20 cents..