Commit To Buy Virtusa Corp At $17.50, Earn 9.1% Annualized Using Options
August 17, 2016 at 11:49 AM EDT
Investors eyeing a purchase of Virtusa Corp (VRTU) shares, but cautious about paying the going market price of $21.24/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $17.50 strike, which has a bid at the time of this writing of 80 cents..