Commit To Purchase Alector At $2.50, Earn 8.2% Annualized Using Options
April 25, 2024 at 11:28 AM EDT
Investors eyeing a purchase of Alector Inc (ALEC) stock, but tentative about paying the going market price of $4.96/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 $2.50 strike, which has a bid at the time of this writing of 15 cents..