Commit To Buy PRA Group At $30, Earn 11.6% Annualized Using Options
February 08, 2018 at 14:02 PM EST
Investors eyeing a purchase of PRA Group Inc (PRAA) stock, but cautious about paying the going market price of $34.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $30 strike, which has a bid at the time of this writing of $2.15..