Commit To Buy Altisource Portfolio Solutions At $20, Earn 17% Annualized Using Options
January 14, 2016 at 14:15 PM EST
Investors eyeing a purchase of Altisource Portfolio Solutions SA (ASPS) stock, but tentative about paying the going market price of $28.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $20 strike, which has a bid at the time of this writing of $1.70..