Agree To Purchase Cimarex Energy At $120, Earn 9.1% Annualized Using Options
December 20, 2016 at 11:34 AM EST
Investors eyeing a purchase of Cimarex Energy Co (XEC) shares, but cautious about paying the going market price of $137.82/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 $120 strike, which has a bid at the time of this writing of $5.30..