Commit To Purchase Credit Acceptance At $165, Earn 9.1% Annualized Using Options
January 06, 2017 at 12:01 PM EST
Investors considering a purchase of Credit Acceptance Corp (CACC) shares, but cautious about paying the going market price of $207.97/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $165 strike, which has a bid at the time of this writing of $8.10..