Commit To Buy Idera Pharmaceuticals At $1, Earn 10.9% Annualized Using Options
December 02, 2016 at 11:50 AM EST
Investors eyeing a purchase of Idera Pharmaceuticals Inc (IDRA) stock, but cautious about paying the going market price of $1.58/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 $1 strike, which has a bid at the time of this writing of 5 cents..