Investors eyeing a purchase of EOG Resources, Inc. (EOG) stock, but cautious about paying the going market price of $189.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $130 strike, which has a bid at the time of this writing of $6.90. Collecting that bid as the premium represents a 5.3% return against the $130 commitment, or a 2.9% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase EOG Resources At $130, Earn 5.3% Using Options
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