Commit To Purchase Avid Bioservices At $5, Earn 20% Annualized Using Options
August 06, 2019 at 12:04 PM EDT
Investors eyeing a purchase of Avid Bioservices Inc (CDMO) shares, but cautious about paying the going market price of $6.16/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $5 strike, which has a bid at the time of this writing of 45 cents..
