Commit To Buy Vanda Pharmaceuticals At $12, Earn 16.5% Annualized Using Options
June 19, 2019 at 11:51 AM EDT
Investors considering a purchase of Vanda Pharmaceuticals Inc (VNDA) stock, but cautious about paying the going market price of $14.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $12 strike, which has a bid at the time of this writing of $1.00..