Commit To Purchase Encore Capital Group At $35, Earn 9.5% Annualized Using Options
July 28, 2015 at 11:35 AM EDT
Investors eyeing a purchase of Encore Capital Group Inc (ECPG) stock, but tentative about paying the going market price of $42.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $35 strike, which has a bid at the time of this writing of $1.30..