Commit To Buy Memorial Resource Development At $15, Earn 8.3% Annualized Using Options
May 28, 2015 at 11:43 AM EDT
Investors considering a purchase of Memorial Resource Development Corp (MRD) shares, but tentative about paying the going market price of $18.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $15 strike, which has a bid at the time of this writing of 60 cents..