Commit To Purchase Arena Pharmaceuticals At $3, Earn 18.3% Using Options
April 09, 2015 at 11:33 AM EDT
Investors eyeing a purchase of Arena Pharmaceuticals Inc (ARNA) shares, but cautious about paying the going market price of $4.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $3 strike, which has a bid at the time of this writing of 55 cents..