Commit To Purchase C&J Energy Services At $8, Earn 20.2% Annualized Using Options
July 24, 2015 at 11:31 AM EDT
Investors eyeing a purchase of C&J Energy Services Ltd (CJES) stock, but cautious about paying the going market price of $9.82/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 $8 strike, which has a bid at the time of this writing of 65 cents..