Commit To Purchase Altisource Portfolio Solutions At $30, Earn 16.9% Annualized Using Options
April 20, 2017 at 11:42 AM EDT
Investors eyeing a purchase of Altisource Portfolio Solutions SA (ASPS) shares, but tentative about paying the going market price of $44.22/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $30 strike, which has a bid at the time of this writing of $2.55..