Commit To Buy Resolute Energy At $1, Earn 28.5% Annualized Using Options
April 16, 2015 at 11:59 AM EDT
Investors eyeing a purchase of Resolute Energy Corp (REN) stock, but cautious about paying the going market price of $1.16/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $1 strike, which has a bid at the time of this writing of 5 cents..