Commit To Purchase Ardmore Shipping Corp At $7.50, Earn 34.8% Annualized Using Options
June 08, 2018 at 13:03 PM EDT
Investors considering a purchase of Ardmore Shipping Corp (ASC) stock, but cautious about paying the going market price of $7.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $7.50 strike, which has a bid at the time of this writing of 30 cents..