Investors in Digi International, Inc. (DGII) saw new options become available today, for the July expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DGII options chain for the new July contracts and identified the following call contract of particular interest.The call contract at the $10.00 strike price has a current bid of 25 cents. If an investor was to purchase shares of DGII stock at the current price level of $9.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $10.00. Considering the call seller will also collect the premium, that would drive a total return of 7.22% if the stock gets called away at the July expiration (before broker commissions). If course, a lot of upside could potentially be left on the table if DGII shares really soar, which is why looking at the trailing twelve month trading history for Digi International, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing DGII's trailing twelve month trading history, with the $10.00 strike highlighted in red:
July Options Now Available For Digi International (DGII)
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