Commit To Purchase Encore Energy At $3, Earn 12.9% Annualized Using Options
April 12, 2024 at 11:33 AM EDT
Investors considering a purchase of Encore Energy Corp (EU) stock, but tentative about paying the going market price of $4.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $3 strike, which has a bid at the time of this writing of 20 cents..