Commit To Buy Energy Recovery At $7.50, Earn 15.6% Annualized Using Options
July 01, 2016 at 12:36 PM EDT
Investors eyeing a purchase of Energy Recovery Inc (ERII) stock, but tentative about paying the going market price of $8.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $7.50 strike, which has a bid at the time of this writing of 45 cents..