Commit To Purchase Cellular Biomedicine Group At $12.50, Earn 28.9% Annualized Using Options
December 31, 2018 at 11:18 AM EST
Investors considering a purchase of Cellular Biomedicine Group Inc (CBMG) shares, but cautious about paying the going market price of $18.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2019 put at the $12.50 strike, which has a bid at the time of this writing of $1.70..