Commit To Buy Penn Virginia Corp At $22.50, Earn 13.4% Annualized Using Options
September 30, 2019 at 11:56 AM EDT
Investors eyeing a purchase of Penn Virginia Corp (PVAC) shares, but cautious about paying the going market price of $29.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $22.50 strike, which has a bid at the time of this writing of $1.65..