Agree To Buy Cimarex Energy At $100, Earn 10.9% Annualized Using Options
June 21, 2016 at 11:36 AM EDT
Investors eyeing a purchase of Cimarex Energy Co (XEC) stock, but cautious about paying the going market price of $117.91/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 $100 strike, which has a bid at the time of this writing of $5.30..