Commit To Purchase Penumbra At $145, Earn 11.4% Annualized Using Options
December 05, 2019 at 13:08 PM EST
Investors considering a purchase of Penumbra Inc (PEN) stock, but cautious about paying the going market price of $170.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2020 put at the $145 strike, which has a bid at the time of this writing of $10.20..