Commit To Purchase Parker Drilling At $2.50, Earn 15.2% Annualized Using Options

Investors eyeing a purchase of Parker Drilling Co (PKD) shares, but tentative about paying the going market price of $2.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2.50 strike, which has a bid at the time of this writing of 20 cents..