Commit To Buy Geospace Technologies Corp At $65, Earn 8.9% Annualized Using Options
January 29, 2014 at 11:28 AM EST
Investors eyeing a purchase of Geospace Technologies Corp (GEOS) stock, but cautious about paying the going market price of $81.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $65 strike, which has a bid at the time of this writing of $3.70..