Commit To Buy Ardmore Shipping Corp At $7.50, Earn 22.6% Annualized Using Options
December 10, 2019 at 15:18 PM EST
Investors considering a purchase of Ardmore Shipping Corp (ASC) stock, but cautious about paying the going market price of $8.51/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $7.50 strike, which has a bid at the time of this writing of 60 cents..