Investors eyeing a purchase of Halcon Resources Corp (NYSE: HK) shares, but cautious about paying the going market price of $5.34/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $3 strike, which has a bid at the time of this writing of 45 cents. Collecting that bid as the premium represents a 15% return against the $3 commitment, or a 9.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
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