Commit To Purchase PRA Group At $25, Earn 8.6% Annualized Using Options
October 31, 2016 at 13:04 PM EDT
Investors eyeing a purchase of PRA Group Inc (PRAA) shares, but tentative about paying the going market price of $32.38/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 $25 strike, which has a bid at the time of this writing of $1.35..