Commit To Purchase Permian Resources At $12, Earn 8.8% Using Options
April 22, 2024 at 12:45 PM EDT
Investors considering a purchase of Permian Resources Corp (PR) stock, but tentative about paying the going market price of $17.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $12 strike, which has a bid at the time of this writing of $1.05..