Commit To Buy Phathom Pharmaceuticals At $7.50, Earn 28.2% Annualized Using Options
April 22, 2024 at 12:46 PM EDT
Investors considering a purchase of Phathom Pharmaceuticals Inc (PHAT) shares, but tentative about paying the going market price of $8.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $7.50 strike, which has a bid at the time of this writing of $1.20..