Commit To Purchase Senomyx At $2.50, Earn 15.2% Annualized Using Options

Investors considering a purchase of Senomyx Inc (SNMX) shares, but tentative about paying the going market price of $3.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $2.50 strike, which has a bid at the time of this writing of 20 cents..