Agree To Purchase Hess Corp At $40, Earn 8.1% Annualized Using Options
March 15, 2018 at 12:03 PM EDT
Investors eyeing a purchase of Hess Corp (HES) shares, but tentative about paying the going market price of $48.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $40 strike, which has a bid at the time of this writing of $1.37..