Commit To Buy Universal Insurance Holdings At $19.87, Earn 55.9% Annualized Using Options
April 24, 2024 at 12:07 PM EDT
Investors considering a purchase of Universal Insurance Holdings Inc (UVE) shares, but tentative about paying the going market price of $20.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $19.87 strike, which has a bid at the time of this writing of 70 cents..