Commit To Buy Rigel Pharmaceuticals At $1, Earn 20.1% Annualized Using Options
March 22, 2024 at 11:36 AM EDT
Investors eyeing a purchase of Rigel Pharmaceuticals Inc (RIGL) stock, but cautious about paying the going market price of $1.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $1 strike, which has a bid at the time of this writing of 10 cents..