Commit To Purchase Anixter International At $55, Earn 6.5% Annualized Using Options
October 22, 2015 at 11:34 AM EDT
Investors eyeing a purchase of Anixter International Inc (AXE) shares, but tentative about paying the going market price of $62.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $55 strike, which has a bid at the time of this writing of $2.05..