Commit To Purchase ION Geophysical Corp At $3, Earn 11.6% Annualized Using Options
July 25, 2014 at 11:34 AM EDT
Investors eyeing a purchase of ION Geophysical Corp (IO) shares, but tentative about paying the going market price of $3.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2015 put at the $3 strike, which has a bid at the time of this writing of 20 cents..