Commit To Buy Longboard Pharmaceuticals At $15, Earn 19.5% Annualized Using Options
May 08, 2024 at 11:43 AM EDT
Investors considering a purchase of Longboard Pharmaceuticals Inc (LBPH) shares, but cautious about paying the going market price of $21.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $15 strike, which has a bid at the time of this writing of 80 cents..
