Commit To Purchase Walter Investment Management Corp At $3, Earn 14.2% Annualized Using Options
December 27, 2016 at 11:50 AM EST
Investors considering a purchase of Walter Investment Management Corp (WAC) shares, but tentative about paying the going market price of $5.05/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 $3 strike, which has a bid at the time of this writing of 20 cents..