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Commit To Purchase Oric Pharmaceuticals At $7.50, Earn 31.6% Annualized Using Options

Investors eyeing a purchase of Oric Pharmaceuticals Inc (ORIC) stock, but tentative about paying the going market price of $10.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $7.50 strike, which has a bid at the time of this writing of 70 cents..
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