Commit To Buy C&J Energy Services At $7.50, Earn 9.7% Annualized Using Options
September 30, 2019 at 11:55 AM EDT
Investors eyeing a purchase of C&J Energy Services Inc (CJ) shares, but tentative about paying the going market price of $10.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $7.50 strike, which has a bid at the time of this writing of 40 cents..