Commit To Purchase Laredo Petroleum At $13, Earn 18.2% Annualized Using Options
April 18, 2017 at 13:47 PM EDT
Investors eyeing a purchase of Laredo Petroleum, Inc (LPI) stock, but cautious about paying the going market price of $14.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $13 strike, which has a bid at the time of this writing of $1.20..