Commit To Buy Western Refining At $35, Earn 8.1% Using Options
July 24, 2015 at 11:37 AM EDT
Investors eyeing a purchase of Western Refining Inc (WNR) stock, but tentative about paying the going market price of $45.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $35 strike, which has a bid at the time of this writing of $2.85..