Commit To Purchase Concho Resources At $70, Earn 6.7% Using Options
May 26, 2016 at 11:43 AM EDT
Investors considering a purchase of Concho Resources Inc (CXO) stock, but cautious about paying the going market price of $121.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $70 strike, which has a bid at the time of this writing of $4.70..