Commit To Purchase Providence Service Corp At $30, Earn 9.8% Annualized Using Options
November 26, 2014 at 11:38 AM EST
Investors eyeing a purchase of Providence Service Corp (PRSC) shares, but tentative about paying the going market price of $36.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2015 put at the $30 strike, which has a bid at the time of this writing of $1.65..