Commit To Purchase Pfenex At $2.50, Earn 9.3% Annualized Using Options
October 04, 2018 at 11:49 AM EDT
Investors eyeing a purchase of Pfenex Inc (PFNX) shares, but tentative about paying the going market price of $4.67/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 $2.50 strike, which has a bid at the time of this writing of 5 cents..