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September 01, 2020 10:18am
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Commit To Purchase GlycoMimetics At $12.50, Earn 42.5% Annualized Using Options

Investors considering a purchase of GlycoMimetics Inc (GLYC) shares, but tentative about paying the going market price of $13.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $12.50 strike, which has a bid at the time of this writing of $2.30..
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