Commit To Buy Approach Resources At $5, Earn 12% Using Options
May 06, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Approach Resources Inc (AREX) stock, but cautious about paying the going market price of $8.36/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $5 strike, which has a bid at the time of this writing of 60 cents..