Commit To Purchase Encore Capital Group At $15, Earn 13.1% Annualized Using Options
December 26, 2018 at 11:20 AM EST
Investors eyeing a purchase of Encore Capital Group Inc (ECPG) shares, but tentative about paying the going market price of $21.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2019 put at the $15 strike, which has a bid at the time of this writing of 95 cents..