Commit To Purchase NMI Holdings At $7.50, Earn 13.6% Annualized Using Options
October 09, 2015 at 11:49 AM EDT
Investors considering a purchase of NMI Holdings Inc (NMIH) stock, but cautious about paying the going market price of $7.51/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $7.50 strike, which has a bid at the time of this writing of 45 cents..