Commit To Buy Concert Pharmaceuticals At $10, Earn 24.9% Annualized Using Options
July 28, 2016 at 11:51 AM EDT
Investors considering a purchase of Concert Pharmaceuticals Inc (CNCE) shares, but cautious about paying the going market price of $11.90/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 $1.20..