Commit To Purchase Universal Insurance Holdings At $25, Earn 9.2% Annualized Using Options
April 16, 2019 at 11:53 AM EDT
Investors considering a purchase of Universal Insurance Holdings Inc (UVE) stock, but cautious about paying the going market price of $29.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $25 strike, which has a bid at the time of this writing of $1.35..