|Day Low/High||3.12 / 3.35|
|52 Wk Low/High||2.30 / 9.84|
Investors in Rex Energy Corp saw new options begin trading this week, for the September 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
The oil and gas explorer plans to use the $40 million in proceeds from the sale of all of its Illinois Basin properties to pay down its debt.