Investors eyeing a purchase of Berry Petroleum Co (NYSE: BRY) stock, but cautious about paying the going market price of $39.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $35 strike, which has a bid at the time of this writing of $1.95. Collecting that bid as the premium represents a 5.6% return against the $35 commitment, or a 15.2% annualized rate of return (at Sto...
Investors eyeing a purchase of Berry Petroleum Co (NYSE: BRY) stock, but cautious about paying the going market price of $39.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $35 strike, which has a bid at the time of this writing of $1.95. Collecting that bid as the premium represents a 5.6% return against the $35 commitment, or a 15.2% annualized rate of return (at Sto...
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