Commit To Buy Dendreon At $2, Earn 26.5%
May 23, 2013 at 14:17 PM EDT
Investors eyeing a purchase of Dendreon Corp (DNDN) shares, but tentative about paying the going market price of $3.92/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $2 strike, which has a bid at the time of this writing of 53 cents.