Commit To Buy AXT At $7.50, Earn 17.9% Annualized Using Options
October 17, 2017 at 11:34 AM EDT
Investors considering a purchase of AXT Inc (AXTI) shares, but cautious about paying the going market price of $9.10/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 $7.50 strike, which has a bid at the time of this writing of 45 cents..