Commit To Purchase Energy XXI Gulf Coast At $5, Earn 79.8% Annualized Using Options
April 16, 2018 at 11:51 AM EDT
Investors eyeing a purchase of Energy XXI Gulf Coast Inc (EGC) shares, but cautious about paying the going market price of $5.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $5 strike, which has a bid at the time of this writing of 35 cents..