Commit To Buy Seadrill At $1.50, Earn 53.3% Using Options

Investors considering a purchase of Seadrill Ltd (SDRL) shares, but cautious about paying the going market price of $2.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $1.50 strike, which has a bid at the time of this writing of 80 cents..