Commit To Purchase Alkermes At $43, Earn 14.5% Annualized Using Options
November 07, 2016 at 11:36 AM EST
Investors considering a purchase of Alkermes plc (ALKS) stock, but cautious about paying the going market price of $54.19/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $43 strike, which has a bid at the time of this writing of $3.30..