Investors considering a purchase of Whiting Petroleum Corp (WLL) shares, but cautious about paying the going market price of $71.94/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 $60 strike, which has a bid at the time of this writing of $6.10. Collecting that bid as the premium represents a 10.2% return against the $60 commitment, or a 5.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Whiting Petroleum Corp At $60, Earn 10.2% Using Options
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