Investors in Career Education Corp (CECO) saw new options begin trading today, for the August 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CECO options chain for the new August 17th contracts and identified the following call contract of particular interest.The call contract at the $3.00 strike price has a current bid of 15 cents. If an investor was to purchase shares of CECO stock at the current price level of $2.65/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $3.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.87% if the stock gets called away at the August 17th expiration (before broker commissions). If course, a lot of upside could potentially be left on the table if CECO shares really soar, which is why looking at the trailing twelve month trading history for Career Education Corp, as well as studying the business fundamentals becomes important. Below is a chart showing CECO's trailing twelve month trading history, with the $3.00 strike highlighted in red:
August 17th Options Now Available For Career Education (CECO)
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