Commit To Purchase Lyell Immunopharma Inc At $0.50, Earn 24.8% Annualized Using Options

Investors eyeing a purchase of Lyell Immunopharma Inc (LYEL) stock, but tentative about paying the going market price of $0.6881/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 $0.50 strike, which has a bid at the time of this writing of 5 cents..