Agree To Buy Concho Resources At $85, Earn 3.4% Annualized Using Options
February 22, 2017 at 11:57 AM EST
Investors considering a purchase of Concho Resources Inc (CXO) shares, but tentative about paying the going market price of $136.72/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 $85 strike, which has a bid at the time of this writing of $2.65..