Agree To Purchase ONEOK At $27.50, Earn 12.3% Annualized Using Options
April 19, 2016 at 11:43 AM EDT
Investors considering a purchase of ONEOK Inc (OKE) shares, but tentative about paying the going market price of $34.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $27.50 strike, which has a bid at the time of this writing of $2.55..