Agree To Buy Hess Corp At $37.50, Earn 6.1% Annualized Using Options
October 04, 2017 at 11:48 AM EDT
Investors considering a purchase of Hess Corp (HES) shares, but cautious about paying the going market price of $45.55/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 $37.50 strike, which has a bid at the time of this writing of $1.41..