Commit To Buy Anixter International At $60, Earn 10% Annualized Using Options

Investors considering a purchase of Anixter International Inc (AXE) stock, but cautious about paying the going market price of $68.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2020 put at the $60 strike, which has a bid at the time of this writing of $2.65..
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