Commit To Buy Basic Energy Services At $15, Earn 19.3% Annualized Using Options
October 13, 2017 at 11:40 AM EDT
Investors considering a purchase of Basic Energy Services Inc (BAS) shares, but cautious about paying the going market price of $19.03/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2018 put at the $15 strike, which has a bid at the time of this writing of $1.50..