Commit To Purchase United Insurance Holdings Corp At $12.50, Earn 18.2% Annualized Using Options
October 08, 2015 at 11:48 AM EDT
Investors considering a purchase of United Insurance Holdings Corp (UIHC) stock, but tentative about paying the going market price of $14.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $12.50 strike, which has a bid at the time of this writing of $1.40..