Commit To Buy Biogen At $230, Earn 9.7% Using Options
December 09, 2019 at 11:50 AM EST
Investors eyeing a purchase of Biogen Inc (BIIB) shares, but tentative about paying the going market price of $300.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $230 strike, which has a bid at the time of this writing of $22.30..