Commit To Buy Cytokinetics At $45, Earn 28.7% Annualized Using Options
August 06, 2024 at 11:35 AM EDT
Investors considering a purchase of Cytokinetics Inc (CYTK) shares, but tentative about paying the going market price of $54.22/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 $45 strike, which has a bid at the time of this writing of $5.80..