Investors eyeing a purchase of Swift Energy Company (SFY) stock, but cautious about paying the going market price of $11.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $10 strike, which has a bid at the time of this writing of 70 cents. Collecting that bid as the premium represents a 7% return against the $10 commitment, or a 17.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Swift Energy Company At $10, Earn 17.3% Annualized
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