Commit To Buy Powell Industries At $390, Earn 17.9% Annualized Using Options

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This article suggests that investors interested in Powell Industries (POWL) but hesitant about its current market price of $540.00 can consider selling a December $390 strike put option. This strategy offers a potential 17.9% annualized return and a breakeven point significantly below the current stock price, providing a way to generate income or acquire shares at a lower cost. The article also compares this return to the company’s dividend yield and highlights the stock’s historical volatility.

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