Commit To Purchase Cimarex Energy At $105, Earn 8.1% Annualized Using Options
April 22, 2015 at 11:41 AM EDT
Investors considering a purchase of Cimarex Energy Co (XEC) stock, but tentative about paying the going market price of $124.16/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $105 strike, which has a bid at the time of this writing of $5.60..