Commit To Buy Ardmore Shipping Corp At $5, Earn 11.6% Annualized Using Options
December 10, 2018 at 11:20 AM EST
Investors eyeing a purchase of Ardmore Shipping Corp (ASC) stock, but tentative about paying the going market price of $6.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2019 put at the $5 strike, which has a bid at the time of this writing of 35 cents..
