Commit To Purchase Cloud Peak Energy At $2.50, Earn 24.2% Annualized Using Options
September 22, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Cloud Peak Energy Inc (CLD) stock, but tentative about paying the going market price of $2.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $2.50 strike, which has a bid at the time of this writing of 40 cents..