Commit To Buy Newfield Exploration At $28, Earn 6.8% Using Options
September 20, 2016 at 11:37 AM EDT
Investors considering a purchase of Newfield Exploration Co (NFX) shares, but tentative about paying the going market price of $42.13/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 $28 strike, which has a bid at the time of this writing of $1.90..