Commit To Buy PRA Group At $20, Earn 8.3% Annualized Using Options
July 28, 2016 at 11:47 AM EDT
Investors considering a purchase of PRA Group Inc (PRAA) stock, but cautious about paying the going market price of $27.77/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $20 strike, which has a bid at the time of this writing of $1.05..