Commit To Buy Geospace Technologies Corp At $12.50, Earn 13.3% Annualized Using Options
July 29, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Geospace Technologies Corp (GEOS) shares, but cautious about paying the going market price of $16.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $12.50 strike, which has a bid at the time of this writing of $1.05..