Commit To Buy Murphy Oil Corp At $17.50, Earn 12.6% Using Options
November 28, 2016 at 11:41 AM EST
Investors eyeing a purchase of Murphy Oil Corp (MUR) stock, but tentative about paying the going market price of $29.93/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 $17.50 strike, which has a bid at the time of this writing of $2.20..