Commit To Purchase 89bio At $10, Earn 17.8% Annualized Using Options
March 15, 2024 at 11:47 AM EDT
Investors eyeing a purchase of 89bio Inc (ETNB) stock, but cautious about paying the going market price of $13.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $10 strike, which has a bid at the time of this writing of $1.50..