Commit To Buy Approach Resources At $1, Earn 19.1% Annualized Using Options
January 06, 2016 at 14:06 PM EST
Investors eyeing a purchase of Approach Resources Inc (AREX) stock, but tentative about paying the going market price of $1.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $1 strike, which has a bid at the time of this writing of 10 cents..