Commit To Buy Universal Insurance Holdings At $10, Earn 7.9% Annualized Using Options
September 26, 2014 at 11:36 AM EDT
Investors eyeing a purchase of Universal Insurance Holdings Inc (UVE) shares, but tentative about paying the going market price of $12.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $10 strike, which has a bid at the time of this writing of 50 cents..