Tight labor market is great for this company

Companies have had a difficult time hiring since Summer of 2020, and the talent shortage isn't getting better anytime soon. Turnover, rising wages, remote jobs and a dearth of skilled talent are creating opportunities that labor and IT outsourcing firms are able to take advantage of under current market conditions. 

Shares of Perficient (PRFT) recently traded as high as $107, and with today's market sell-off shares retreated to $104.37.  We're selling the September 2021 $95 Puts for $0.90 cents and plan to either pick up the shares at a net price below $95, or let the Puts expire worthless.  Either way we view this as a win-win trade since we'd like to own the shares at a lower price.  Buying the shares outright at the current price could also payoff as JP Morgan just rated the stock "Overweight" with a $126 price target.