Commit To Purchase Whiting Petroleum At $62.50, Earn 6.7% Using Options
October 01, 2014 at 11:32 AM EDT
Investors considering a purchase of Whiting Petroleum Corp (WLL) stock, but cautious about paying the going market price of $78.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $62.50 strike, which has a bid at the time of this writing of $4.20..