Commit To Buy Annexon At $5, Earn 79.8% Annualized Using Options

Investors eyeing a purchase of Annexon Inc (ANNX) shares, but cautious about paying the going market price of $7.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $5 strike, which has a bid at the time of this writing of $1.30..