Commit To Buy Panhandle Oil & Gas At $12.50, Earn 11.8% Annualized Using Options
October 17, 2019 at 11:57 AM EDT
Investors eyeing a purchase of Panhandle Oil & Gas Inc (PHX) shares, but cautious about paying the going market price of $13.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $12.50 strike, which has a bid at the time of this writing of 85 cents..