Agree To Purchase National Oilwell Varco At $29, Earn 5.1% Annualized Using Options

Investors considering a purchase of National Oilwell Varco Inc (NOV) stock, but cautious about paying the going market price of $35.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2018 put at the $29 strike, which has a bid at the time of this writing of 92 cents..