Commit To Purchase Prothena At $17.50, Earn 34.3% Annualized Using Options
August 06, 2024 at 11:35 AM EDT
Investors considering a purchase of Prothena Corp plc (PRTA) shares, but tentative about paying the going market price of $20.14/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 $17.50 strike, which has a bid at the time of this writing of $2.70..