Commit To Purchase Providence Service Corp At $55, Earn 14.6% Annualized Using Options
August 15, 2019 at 13:50 PM EDT
Investors eyeing a purchase of Providence Service Corp (PRSC) shares, but tentative about paying the going market price of $57.94/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 $55 strike, which has a bid at the time of this writing of $2.80..