Commit To Buy Basic Energy Services At $2.50, Earn 16.3% Annualized Using Options
November 24, 2015 at 11:37 AM EST
Investors eyeing a purchase of Basic Energy Services Inc (BAS) stock, but tentative about paying the going market price of $4.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August 2016 put at the $2.50 strike, which has a bid at the time of this writing of 30 cents..