Agree To Purchase Hess Corp At $37.50, Earn 8.7% Using Options
December 06, 2016 at 11:38 AM EST
Investors eyeing a purchase of Hess Corp (HES) shares, but tentative about paying the going market price of $59.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $37.50 strike, which has a bid at the time of this writing of $3.25..