Commit To Buy Ultra Petroleum Corp At $1, Earn 22.5% Annualized Using Options
August 09, 2018 at 11:48 AM EDT
Investors considering a purchase of Ultra Petroleum Corp (UPL) shares, but tentative about paying the going market price of $1.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $1 strike, which has a bid at the time of this writing of 10 cents..