Commit To Buy ONEOK At $38, Earn 7.8% Using Options

Investors considering a purchase of ONEOK Inc (OKE) stock, but cautious about paying the going market price of $56.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $38 strike, which has a bid at the time of this writing of $2.95..