Investors considering a purchase of GTx Inc (GTXI) shares, but tentative about paying the going market price of $6.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $4 strike, which has a bid at the time of this writing of 65 cents. Collecting that bid as the premium represents a 16.2% return against the $4 commitment, or a 69% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy GTx At $4, Earn 69% Annualized
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