Commit To Buy 89bio At $7.50, Earn 37.7% Annualized Using Options
August 28, 2024 at 11:53 AM EDT
Investors considering a purchase of 89bio Inc (ETNB) shares, but cautious about paying the going market price of $8.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $7.50 strike, which has a bid at the time of this writing of $1.10..
