Commit To Purchase Whiting Petroleum Corp At $4, Earn 18.8% Using Options

Investors eyeing a purchase of Whiting Petroleum Corp (WLL) shares, but tentative about paying the going market price of $7.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $4 strike, which has a bid at the time of this writing of 75 cents..