Commit To Purchase Credit Acceptance Corp At $400, Earn 9% Using Options
August 16, 2019 at 11:52 AM EDT
Investors eyeing a purchase of Credit Acceptance Corp (CACC) stock, but tentative about paying the going market price of $462.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2020 put at the $400 strike, which has a bid at the time of this writing of $36.10..