Commit To Purchase American Axle & Manufacturing Holdings At $13, Earn 7.9% Annualized Using Options
April 11, 2017 at 11:41 AM EDT
Investors considering a purchase of American Axle & Manufacturing Holdings Inc (AXL) shares, but tentative about paying the going market price of $16.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $13 strike, which has a bid at the time of this writing of 80 cents..