Commit To Purchase Anadarko Petroleum Corp At $37.50, Earn 4.8% Using Options
September 21, 2016 at 11:34 AM EDT
Investors eyeing a purchase of Anadarko Petroleum Corp (APC) shares, but cautious about paying the going market price of $60.29/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 $37.50 strike, which has a bid at the time of this writing of $1.80..