Agree To Buy Newfield Exploration At $18, Earn 5.3% Using Options
June 20, 2017 at 11:41 AM EDT
Investors considering a purchase of Newfield Exploration Co (NFX) stock, but cautious about paying the going market price of $28.52/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 $18 strike, which has a bid at the time of this writing of 95 cents..