Commit To Purchase World Acceptance Corp. At $80, Earn 9.7% Annualized

Investors eyeing a purchase of World Acceptance Corp. (NASD: WRLD) shares, but cautious about paying the going market price of $96.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2014 put at the $80 strike, which has a bid at the time of this writing of $4.10. Collecting that bid as the premium represents a 5.1% return against the $80 commitment, or a 9.7% annualized rate of return ...