Commit To Purchase Energy XXI Gulf Coast At $5, Earn 13% Annualized Using Options
September 21, 2018 at 13:04 PM EDT
Investors eyeing a purchase of Energy XXI Gulf Coast Inc (EGC) shares, but cautious about paying the going market price of $7.63/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 $5 strike, which has a bid at the time of this writing of 10 cents..