Commit To Purchase Aura Biosciences At $5, Earn 12.1% Annualized Using Options
May 20, 2024 at 11:38 AM EDT
Investors considering a purchase of Aura Biosciences Inc (AURA) shares, but cautious about paying the going market price of $7.28/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 $5 strike, which has a bid at the time of this writing of 40 cents..