Commit To Purchase Longboard Pharmaceuticals At $30, Earn 26.9% Annualized Using Options
October 11, 2024 at 11:41 AM EDT
Investors considering a purchase of Longboard Pharmaceuticals Inc (LBPH) stock, but cautious about paying the going market price of $36.78/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2025 put at the $30 strike, which has a bid at the time of this writing of $4.80..