Commit To Buy Pacific Biosciences of California At $7.50, Earn 19.9% Annualized Using Options
September 27, 2016 at 11:40 AM EDT
Investors eyeing a purchase of Pacific Biosciences of California Inc (PACB) stock, but cautious about paying the going market price of $9.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $7.50 strike, which has a bid at the time of this writing of 70 cents..