Commit To Buy Altisource Portfolio Solutions At $12.50, Earn 34.9% Annualized Using Options
February 04, 2015 at 11:36 AM EST
Investors considering a purchase of Altisource Portfolio Solutions SA (ASPS) stock, but tentative about paying the going market price of $21.46/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 $12.50 strike, which has a bid at the time of this writing of $1.95..