Commit To Purchase Range Resources Corp At $18, Earn 7.8% Using Options
March 21, 2017 at 11:55 AM EDT
Investors considering a purchase of Range Resources Corp (RRC) stock, but cautious about paying the going market price of $27.69/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 $18 strike, which has a bid at the time of this writing of $1.40..