Commit To Purchase Axcelis Technologies At $12.50, Earn 6.3% Annualized Using Options
October 09, 2019 at 11:45 AM EDT
Investors considering a purchase of Axcelis Technologies Inc (ACLS) shares, but cautious about paying the going market price of $16.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2020 put at the $12.50 strike, which has a bid at the time of this writing of 35 cents..