Commit To Buy Acacia Communications At $30, Earn 15.7% Using Options
February 08, 2018 at 14:01 PM EST
Investors eyeing a purchase of Acacia Communications Inc (ACIA) stock, but tentative about paying the going market price of $38.90/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 $30 strike, which has a bid at the time of this writing of $4.70..