Agree To Buy Newfield Exploration At $35, Earn 8.1% Using Options
December 20, 2016 at 11:33 AM EST
Investors considering a purchase of Newfield Exploration Co (NFX) stock, but cautious about paying the going market price of $44.73/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 $35 strike, which has a bid at the time of this writing of $2.85..