Commit To Buy Medicinova At $7.50, Earn 17.4% Annualized Using Options
October 18, 2018 at 11:52 AM EDT
Investors eyeing a purchase of Medicinova Inc (MNOV) stock, but cautious about paying the going market price of $10.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $7.50 strike, which has a bid at the time of this writing of 65 cents..