Commit To Purchase American Axle & Manufacturing Holdings At $10, Earn 8%
June 21, 2013 at 11:44 AM EDT
Investors eyeing a purchase of American Axle & Manufacturing Holdings Inc (AXL) stock, but cautious about paying the going market price of $17.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $10 strike, which has a bid at the time of this writing of 80 cents.