Commit To Purchase Whiting Petroleum Corp At $32, Earn 11.2% Using Options
June 19, 2018 at 11:51 AM EDT
Investors considering a purchase of Whiting Petroleum Corp (WLL) shares, but tentative about paying the going market price of $49.05/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $32 strike, which has a bid at the time of this writing of $3.60..