Commit To Buy Approach Resources At $2, Earn 22.4% Annualized Using Options
November 04, 2015 at 11:33 AM EST
Investors eyeing a purchase of Approach Resources Inc (AREX) shares, but tentative about paying the going market price of $2.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $2 strike, which has a bid at the time of this writing of 20 cents..