Commit To Purchase Akorn At $3, Earn 23.3% Using Options
July 31, 2019 at 11:57 AM EDT
Investors eyeing a purchase of Akorn Inc (AKRX) shares, but tentative about paying the going market price of $3.71/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 $3 strike, which has a bid at the time of this writing of 70 cents..