Commit To Purchase United Insurance Holdings Corp At $15, Earn 16.8% Annualized Using Options
May 06, 2016 at 11:42 AM EDT
Investors considering a purchase of United Insurance Holdings Corp (UIHC) shares, but cautious about paying the going market price of $16.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $15 strike, which has a bid at the time of this writing of $1.35..