Commit To Purchase Aduro Biotech At $5, Earn 29.4% Annualized Using Options
September 19, 2018 at 11:51 AM EDT
Investors considering a purchase of Aduro Biotech Inc (ADRO) shares, but tentative about paying the going market price of $6.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $5 strike, which has a bid at the time of this writing of 85 cents..