Commit To Buy Ardelyx At $2.50, Earn 6.7% Annualized Using Options
March 13, 2019 at 11:47 AM EDT
Investors considering a purchase of Ardelyx Inc (ARDX) stock, but cautious about paying the going market price of $3.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2.50 strike, which has a bid at the time of this writing of 10 cents..