Commit To Purchase Warren Resources At $2.50, Earn 11.6% Annualized Using Options
November 07, 2014 at 11:34 AM EST
Investors considering a purchase of Warren Resources Inc (WRES) stock, but cautious about paying the going market price of $3.23/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $2.50 strike, which has a bid at the time of this writing of 15 cents..