Commit To Purchase ION Geophysical Corp At $25, Earn 37.3% Annualized Using Options

Investors considering a purchase of ION Geophysical Corp (IO) stock, but tentative about paying the going market price of $25.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $25 strike, which has a bid at the time of this writing of $3.30..