Commit To Buy American Axle & Manufacturing Holdings At $12, Earn 8.4% Annualized Using Options
April 01, 2019 at 11:47 AM EDT
Investors eyeing a purchase of American Axle & Manufacturing Holdings Inc (AXL) shares, but tentative about paying the going market price of $14.91/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 $12 strike, which has a bid at the time of this writing of 80 cents..