Commit To Buy Providence Service Corp At $40, Earn 13.4% Annualized Using Options
November 16, 2015 at 11:33 AM EST
Investors considering a purchase of Providence Service Corp (PRSC) shares, but cautious about paying the going market price of $45.15/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 $40 strike, which has a bid at the time of this writing of $1.80..