Commit To Purchase Altisource Portfolio Solutions At $17.50, Earn 16% Annualized Using Options
November 04, 2015 at 11:33 AM EST
Investors eyeing a purchase of Altisource Portfolio Solutions SA (ASPS) shares, but cautious about paying the going market price of $29.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $17.50 strike, which has a bid at the time of this writing of $1.25..