Commit To Buy Pioneer Energy Services Corp At $2.50, Earn 26.1% Annualized Using Options

Investors eyeing a purchase of Pioneer Energy Services Corp (PES) shares, but tentative about paying the going market price of $2.92/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2019 put at the $2.50 strike, which has a bid at the time of this writing of 30 cents..
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