Commit To Buy Aurinia Pharmaceuticals At $5, Earn 16% Using Options
October 11, 2024 at 11:42 AM EDT
Investors eyeing a purchase of Aurinia Pharmaceuticals Inc (AUPH) stock, but cautious about paying the going market price of $7.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2027 put at the $5 strike, which has a bid at the time of this writing of 80 cents..