Commit To Buy Medicinova At $7.50, Earn 13.4% Annualized Using Options
July 20, 2018 at 11:49 AM EDT
Investors considering a purchase of Medicinova Inc (MNOV) stock, but cautious about paying the going market price of $8.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $7.50 strike, which has a bid at the time of this writing of 25 cents..