Commit To Buy Enanta Pharmaceuticals At $55, Earn 16.5% Annualized Using Options
November 20, 2019 at 11:12 AM EST
Investors considering a purchase of Enanta Pharmaceuticals Inc (ENTA) stock, but cautious about paying the going market price of $62.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $55 strike, which has a bid at the time of this writing of $3.70..