Commit To Purchase Accel Entertainment At $7.50, Earn 262.1% Annualized Using Options
June 10, 2024 at 11:35 AM EDT
Investors eyeing a purchase of Accel Entertainment Inc (ACEL) shares, but tentative about paying the going market price of $10.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $7.50 strike, which has a bid at the time of this writing of $7.00..