Commit To Purchase Applied Optoelectronics At $10, Earn 29.5% Using Options
September 20, 2024 at 11:32 AM EDT
Investors eyeing a purchase of Applied Optoelectronics Inc (AAOI) stock, but cautious about paying the going market price of $13.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $10 strike, which has a bid at the time of this writing of $2.95..
