Commit To Purchase Credit Acceptance Corp At $260, Earn 7.2% Annualized Using Options
April 17, 2018 at 11:53 AM EDT
Investors eyeing a purchase of Credit Acceptance Corp (CACC) shares, but tentative about paying the going market price of $321.72/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 $260 strike, which has a bid at the time of this writing of $12.70..