Commit To Buy SandRidge Energy At $7.50, Earn 15.4% Annualized Using Options

Investors eyeing a purchase of SandRidge Energy Inc (SD) shares, but cautious about paying the going market price of $8.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $7.50 strike, which has a bid at the time of this writing of 30 cents..