Commit To Buy Basic Energy Services At $20, Earn 10.5% Annualized Using Options
August 14, 2014 at 11:27 AM EDT
Investors eyeing a purchase of Basic Energy Services Inc (BAS) stock, but tentative about paying the going market price of $24.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $20 strike, which has a bid at the time of this writing of 90 cents..