Commit To Buy Biomea Fusion At $5, Earn 32% Using Options
August 06, 2024 at 11:33 AM EDT
Investors considering a purchase of Biomea Fusion Inc (BMEA) shares, but tentative about paying the going market price of $5.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $5 strike, which has a bid at the time of this writing of $1.60..