Commit To Buy Universal Insurance Holdings At $17.50, Earn 9.4% Annualized Using Options
October 21, 2016 at 11:38 AM EDT
Investors eyeing a purchase of Universal Insurance Holdings Inc (UVE) shares, but tentative about paying the going market price of $21.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $17.50 strike, which has a bid at the time of this writing of 95 cents..