Commit To Buy Acacia Communications At $22.50, Earn 12% Using Options
June 20, 2018 at 11:50 AM EDT
Investors considering a purchase of Acacia Communications Inc (ACIA) stock, but cautious about paying the going market price of $34.64/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 $22.50 strike, which has a bid at the time of this writing of $2.70..