Agree To Purchase ONEOK At $35, Earn 5.6% Using Options
October 18, 2016 at 11:40 AM EDT
Investors eyeing a purchase of ONEOK Inc (OKE) shares, but cautious 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 January 2018 put at the $35 strike, which has a bid at the time of this writing of $1.95..