Commit To Buy RSP Permian At $30, Earn 11.6% Annualized Using Options
November 03, 2016 at 11:36 AM EDT
Investors eyeing a purchase of RSP Permian Inc (RSPP) stock, but tentative about paying the going market price of $36.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $30 strike, which has a bid at the time of this writing of $2.15..