Commit To Purchase Pioneer Energy Services Corp At $2.50, Earn 9.4% Annualized Using Options
July 26, 2016 at 11:41 AM EDT
Investors eyeing a purchase of Pioneer Energy Services Corp (PES) stock, but tentative about paying the going market price of $3.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $2.50 strike, which has a bid at the time of this writing of 15 cents..