Commit To Purchase PennyMac Financial Services At $22.50, Earn 14% Annualized Using Options
March 07, 2019 at 12:00 PM EST
Investors eyeing a purchase of PennyMac Financial Services Inc (PFSI) stock, but cautious about paying the going market price of $22.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $22.50 strike, which has a bid at the time of this writing of $1.40..