Commit To Purchase Centennial Resource Development At $15, Earn 7.7% Annualized Using Options

Investors eyeing a purchase of Centennial Resource Development Inc (CDEV) stock, but cautious about paying the going market price of $17.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $15 strike, which has a bid at the time of this writing of 45 cents..