Agree To Buy Anadarko Petroleum At $70, Earn 6% Using Options
April 21, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Anadarko Petroleum Corp (APC) stock, but cautious about paying the going market price of $92.92/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 $70 strike, which has a bid at the time of this writing of $4.20..