Commit To Purchase Encore Capital Group At $12.50, Earn 7% Annualized Using Options
October 28, 2016 at 11:45 AM EDT
Investors considering a purchase of Encore Capital Group Inc (ECPG) shares, but tentative about paying the going market price of $19.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $12.50 strike, which has a bid at the time of this writing of 55 cents..