Commit To Buy PHH Corp At $12.50, Earn 22.2% Annualized Using Options
July 13, 2016 at 11:39 AM EDT
Investors considering a purchase of PHH Corp (PHH) shares, but tentative about paying the going market price of $14.19/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $12.50 strike, which has a bid at the time of this writing of $1.45..