Commit To Purchase Resolute Energy Corp At $18, Earn 14.4% Using Options
July 05, 2017 at 11:54 AM EDT
Investors eyeing a purchase of Resolute Energy Corp (REN) shares, but tentative about paying the going market price of $29.48/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 $18 strike, which has a bid at the time of this writing of $2.60..