Commit To Purchase Whiting Petroleum Corp At $60, Earn 10.2% Using Options
April 11, 2014 at 11:38 AM EDT
Investors considering a purchase of Whiting Petroleum Corp (WLL) shares, but cautious about paying the going market price of $71.94/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $60 strike, which has a bid at the time of this writing of $6.10..