Financial News

Commit To Purchase Altra Industrial Motion Corp At $35, Earn 7.4% Annualized Using Options

Investors eyeing a purchase of Altra Industrial Motion Corp (AIMC) 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 April 2019 put at the $35 strike, which has a bid at the time of this writing of $1.60..
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