Investors considering a purchase of Neurocrine Biosciences, Inc. (NBIX) stock, but cautious about paying the going market price of $12.91/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 $9 strike, which has a bid at the time of this writing of $1.25. Collecting that bid as the premium represents a 13.9% return against the $9 commitment, or a 28.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Neurocrine Biosciences At $9, Earn 28.8% Annualized
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