Investors eyeing a purchase of Basic Energy Services (BAS) shares, but cautious about paying the going market price of $17.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $15 strike, which has a bid at the time of this writing of $1.05. Collecting that bid as the premium represents a 7% return against the $15 commitment, or a 15.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Basic Energy Services At $15, Earn 15.1% Annualized Using Options
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