Commit To Buy Altisource Residential Corp At $17.50, Earn 20.4% Annualized Using Options
October 27, 2014 at 11:33 AM EDT
Investors eyeing a purchase of Altisource Residential Corp (RESI) stock, but tentative about paying the going market price of $21.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2015 put at the $17.50 strike, which has a bid at the time of this writing of $2.30..