Commit To Buy Aduro Biotech At $10, Earn 24.2% Annualized Using Options
September 21, 2017 at 12:20 PM EDT
Investors considering a purchase of Aduro Biotech Inc (ADRO) stock, but tentative about paying the going market price of $11.03/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2018 put at the $10 strike, which has a bid at the time of this writing of $1.40..