Commit To Purchase Sana Biotechnology At $5, Earn 21.2% Annualized Using Options
May 16, 2024 at 11:36 AM EDT
Investors considering a purchase of Sana Biotechnology Inc (SANA) stock, but cautious about paying the going market price of $8.75/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 $5 strike, which has a bid at the time of this writing of 45 cents..