Commit To Purchase Vanda Pharmaceuticals At $3, Earn 18.9% Annualized Using Options
April 12, 2024 at 11:32 AM EDT
Investors considering a purchase of Vanda Pharmaceuticals Inc (VNDA) stock, but cautious about paying the going market price of $4.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $3 strike, which has a bid at the time of this writing of 25 cents..