Commit To Buy AXT At $5, Earn 11.3% Annualized Using Options
July 06, 2017 at 11:38 AM EDT
Investors considering a purchase of AXT Inc (AXTI) stock, but cautious about paying the going market price of $6.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2018 put at the $5 strike, which has a bid at the time of this writing of 35 cents..