Commit To Buy Northern Oil & Gas At $3.50, Earn 20% Using Options
October 04, 2018 at 11:48 AM EDT
Investors considering a purchase of Northern Oil & Gas Inc (NOG) shares, but cautious about paying the going market price of $4.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $3.50 strike, which has a bid at the time of this writing of 70 cents..