Commit To Buy Avid Bioservices At $7.50, Earn 13.6% Annualized Using Options

Investors eyeing a purchase of Avid Bioservices Inc (CDMO) stock, but tentative about paying the going market price of $10.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $7.50 strike, which has a bid at the time of this writing of 45 cents..