Commit To Purchase Flotek Industries At $5, Earn 20.3% Annualized Using Options
April 07, 2016 at 11:58 AM EDT
Investors eyeing a purchase of Flotek Industries Inc (FTK) stock, but tentative about paying the going market price of $6.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $5 strike, which has a bid at the time of this writing of 80 cents..