Commit To Purchase Alector At $5, Earn 29% Annualized Using Options
April 03, 2024 at 12:23 PM EDT
Investors eyeing a purchase of Alector Inc (ALEC) stock, but tentative about paying the going market price of $5.84/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 $1.15..