Commit To Buy Pfenex At $7.50, Earn 23.6% Annualized Using Options
December 02, 2016 at 11:51 AM EST
Investors eyeing a purchase of Pfenex Inc (PFNX) shares, but cautious about paying the going market price of $8.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $7.50 strike, which has a bid at the time of this writing of 95 cents..