Commit To Purchase Ignyta At $5, Earn 37.1% Annualized Using Options
July 27, 2016 at 11:45 AM EDT
Investors eyeing a purchase of Ignyta Inc (RXDX) shares, but tentative about paying the going market price of $5.58/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 $5 strike, which has a bid at the time of this writing of 90 cents..