Commit To Buy Western Refining At $20, Earn 7% Annualized Using Options
February 04, 2016 at 11:55 AM EST
Investors considering a purchase of Western Refining Inc (WNR) stock, but cautious about paying the going market price of $30.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $20 strike, which has a bid at the time of this writing of $1.35..