Commit To Buy Inhibrx Biosciences At $12.50, Earn 13.5% Annualized Using Options

Investors eyeing a purchase of Inhibrx Biosciences Inc (INBX) stock, but tentative about paying the going market price of $17.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2025 put at the $12.50 strike, which has a bid at the time of this writing of $1.10..