Commit To Purchase Credit Acceptance At $230, Earn 5.4% Annualized Using Options
February 08, 2018 at 14:03 PM EST
Investors eyeing a purchase of Credit Acceptance Corp (CACC) shares, but tentative about paying the going market price of $309.01/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 $230 strike, which has a bid at the time of this writing of $10.70..