Commit To Purchase IGM Biosciences At $10, Earn 30.4% Annualized Using Options
July 24, 2024 at 11:35 AM EDT
Investors eyeing a purchase of IGM Biosciences Inc (IGMS) stock, but tentative about paying the going market price of $12.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2025 put at the $10 strike, which has a bid at the time of this writing of $2.00..