Commit To Buy Biogen At $220, Earn 9% Annualized Using Options
February 15, 2024 at 14:38 PM EST
Investors considering a purchase of Biogen Inc (BIIB) shares, but cautious about paying the going market price of $223.43/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 $220 strike, which has a bid at the time of this writing of $13.30..