Commit To Purchase Providence Service Corp At $35, Earn 6% Annualized Using Options
August 03, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Providence Service Corp (PRSC) stock, but tentative about paying the going market price of $47.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $35 strike, which has a bid at the time of this writing of $1.30..