Commit To Buy Altra Industrial Motion Corp At $20, Earn 9.3% Annualized Using Options
October 02, 2015 at 11:41 AM EDT
Investors eyeing a purchase of Altra Industrial Motion Corp (AIMC) stock, but tentative about paying the going market price of $22.61/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $20 strike, which has a bid at the time of this writing of $1.00..