Commit To Purchase Foundation Medicine At $57.50, Earn 18.2% Annualized Using Options
February 06, 2018 at 11:52 AM EST
Investors considering a purchase of Foundation Medicine Inc (FMI) stock, but tentative about paying the going market price of $70.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $57.50 strike, which has a bid at the time of this writing of $5.50..