Agree To Buy Akamai Technologies At $42.50, Earn 5.5% Using Options
January 18, 2017 at 11:39 AM EST
Investors eyeing a purchase of Akamai Technologies Inc (AKAM) stock, but tentative about paying the going market price of $69.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $42.50 strike, which has a bid at the time of this writing of $2.36..