Commit To Purchase Occidental Petroleum Corp At $37.50, Earn 4.2% Using Options
November 28, 2016 at 11:40 AM EST
Investors considering a purchase of Occidental Petroleum Corp (OXY) shares, but tentative about paying the going market price of $69.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $37.50 strike, which has a bid at the time of this writing of $1.56..