Commit To Buy Energy Recovery At $7.50, Earn 31.9% Annualized Using Options
July 17, 2018 at 11:46 AM EDT
Investors eyeing a purchase of Energy Recovery Inc (ERII) shares, but tentative about paying the going market price of $8.06/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 $7.50 strike, which has a bid at the time of this writing of 80 cents..