Commit To Buy Pioneer Energy Services At $2.50, Earn 12.4% Annualized Using Options
January 20, 2015 at 11:50 AM EST
Investors eyeing a purchase of Pioneer Energy Services Corp (PES) shares, but cautious about paying the going market price of $3.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March put at the $2.50 strike, which has a bid at the time of this writing of 5 cents..