Commit To Buy Idera Pharmaceuticals At $2, Earn 35.1% Annualized Using Options

Investors considering a purchase of Idera Pharmaceuticals Inc (IDRA) stock, but cautious about paying the going market price of $1.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $2 strike, which has a bid at the time of this writing of 35 cents..