Commit To Buy Ardelyx At $2.50, Earn 8.3% Annualized Using Options
October 24, 2018 at 12:09 PM EDT
Investors eyeing a purchase of Ardelyx Inc (ARDX) shares, but tentative about paying the going market price of $3.70/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 $2.50 strike, which has a bid at the time of this writing of 10 cents..