Commit To Buy Concho Resources At $105, Earn 7.2% Using Options
November 23, 2016 at 11:39 AM EST
Investors eyeing a purchase of Concho Resources Inc (CXO) stock, but cautious about paying the going market price of $138.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $105 strike, which has a bid at the time of this writing of $7.60..