Commit To Buy Prothena Corp At $40, Earn 10.2% Annualized Using Options
October 17, 2017 at 11:32 AM EDT
Investors considering a purchase of Prothena Corp plc (PRTA) shares, but cautious about paying the going market price of $61.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2018 put at the $40 strike, which has a bid at the time of this writing of $2.70..