Commit To Buy Synergy Resources Corp At $5, Earn 9.6% Annualized Using Options

Investors eyeing a purchase of Synergy Resources Corp (SYRG) stock, but tentative about paying the going market price of $6.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $5 strike, which has a bid at the time of this writing of 30 cents..