Commit To Purchase Altair Engineering At $35, Earn 18.1% Annualized Using Options
October 30, 2018 at 11:16 AM EDT
Investors considering a purchase of Altair Engineering Inc (ALTR) shares, but cautious about paying the going market price of $36.52/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 $2.95..