Commit To Purchase Madrigal Pharmaceuticals At $150, Earn 10.9% Using Options
August 12, 2024 at 12:16 PM EDT
Investors considering a purchase of Madrigal Pharmaceuticals Inc (MDGL) shares, but cautious about paying the going market price of $241.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $150 strike, which has a bid at the time of this writing of $16.30..
