Commit To Buy Geospace Technologies Corp At $15, Earn 11.1% Annualized Using Options
October 28, 2016 at 11:45 AM EDT
Investors considering a purchase of Geospace Technologies Corp (GEOS) stock, but cautious about paying the going market price of $18.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $15 strike, which has a bid at the time of this writing of $1.05..