Commit To Buy Acacia Communications At $25, Earn 7.6% Using Options
September 19, 2018 at 11:51 AM EDT
Investors considering a purchase of Acacia Communications Inc (ACIA) shares, but cautious about paying the going market price of $39.19/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $25 strike, which has a bid at the time of this writing of $1.90..