Commit To Purchase Approach Resources At $1, Earn 46.3% Annualized Using Options
April 07, 2016 at 12:05 PM EDT
Investors eyeing a purchase of Approach Resources Inc (AREX) stock, but cautious about paying the going market price of $1.38/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 $1 strike, which has a bid at the time of this writing of 25 cents..