Commit To Buy Approach Resources At $2, Earn 13% Annualized Using Options
March 23, 2018 at 11:52 AM EDT
Investors eyeing a purchase of Approach Resources Inc (AREX) stock, but cautious about paying the going market price of $2.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2 strike, which has a bid at the time of this writing of 15 cents..