Commit To Purchase Geospace Technologies Corp At $40, Earn 9.9% Annualized Using Options
May 14, 2014 at 11:53 AM EDT
Investors eyeing a purchase of Geospace Technologies Corp (GEOS) shares, but tentative about paying the going market price of $49.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $40 strike, which has a bid at the time of this writing of $2.40..