Commit To Buy Cimarex Energy At $105, Earn 7.2% Annualized Using Options
September 20, 2016 at 11:41 AM EDT
Investors considering a purchase of Cimarex Energy Co (XEC) shares, but tentative about paying the going market price of $127.36/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 $105 strike, which has a bid at the time of this writing of $3.70..