Commit To Buy Memorial Resource Development Corp At $12.50, Earn 11.2% Annualized Using Options
August 18, 2016 at 11:36 AM EDT
Investors eyeing a purchase of Memorial Resource Development Corp (MRD) shares, but cautious about paying the going market price of $14.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $12.50 strike, which has a bid at the time of this writing of 70 cents..