Commit To Buy Kite Pharma At $75, Earn 9.9% Using Options
July 26, 2017 at 11:34 AM EDT
Investors considering a purchase of Kite Pharma Inc (KITE) stock, but cautious about paying the going market price of $111.12/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $75 strike, which has a bid at the time of this writing of $7.40..