Investors eyeing a purchase of Occidental Petroleum Corp (NYSE: OXY) shares, but cautious about paying the going market price of $93.36/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $65 strike, which has a bid at the time of this writing of $4.25. Collecting that bid as the premium represents a 6.5% return against the $65 commitment, or a 4% annualized rate of retur...
Investors eyeing a purchase of Occidental Petroleum Corp (NYSE: OXY) shares, but cautious about paying the going market price of $93.36/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $65 strike, which has a bid at the time of this writing of $4.25. Collecting that bid as the premium represents a 6.5% return against the $65 commitment, or a 4% annualized rate of retur...
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