Commit To Purchase Phillips 66 At $50, Earn 4.1% Using Options
January 17, 2017 at 11:37 AM EST
Investors eyeing a purchase of Phillips 66 (PSX) shares, but tentative about paying the going market price of $83.88/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 $50 strike, which has a bid at the time of this writing of $2.05..