Investors eyeing a purchase of Diamond Offshore Drilling, Inc. (NYSE: DO) stock, but cautious about paying the going market price of $65.97/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 $53.50 strike, which has a bid at the time of this writing of $3.80. Collecting that bid as the premium represents a 7.1% return against the $53.50 commitment, or a 4.5% annualized r...
Investors eyeing a purchase of Diamond Offshore Drilling, Inc. (NYSE: DO) stock, but cautious about paying the going market price of $65.97/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 $53.50 strike, which has a bid at the time of this writing of $3.80. Collecting that bid as the premium represents a 7.1% return against the $53.50 commitment, or a 4.5% annualized r...
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