Commit To Buy Altisource Portfolio Solutions At $22.50, Earn 18.9% Annualized Using Options
July 19, 2016 at 11:42 AM EDT
Investors considering a purchase of Altisource Portfolio Solutions SA (ASPS) stock, but tentative about paying the going market price of $28.61/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $22.50 strike, which has a bid at the time of this writing of $2.15..