Commit To Purchase Targacept At $3, Earn 26.6% Annualized Using Options
April 07, 2014 at 11:47 AM EDT
Investors eyeing a purchase of Targacept Inc (TRGT) shares, but tentative about paying the going market price of $4.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $3 strike, which has a bid at the time of this writing of 50 cents..