Agree To Buy Akamai Technologies At $80, Earn 16.3% Annualized Using Options
Investors interested in Akamai Technologies Inc (AKAM) but hesitant about the current share price of $92.69 can consider selling May put options at the $80 strike price. This strategy offers a 4.5% return upfront, translating to a 16.3% annualized yield. The article explains the mechanics of this options strategy, including the potential cost basis if shares fall and the contract is exercised, and discusses historical volatility as a factor in assessing risk.
https://www.nasdaq.com/articles/agree-buy-akamai-technologies-80-earn-163-annualized-using-options