Investors in Universal American Corp. (UAM) saw new options become available today, for the September 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UAM options chain for the new September 21st contracts and identified the following put contract of particular interest.The put contract at the $10.00 strike price has a current bid of 20 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $10.00, but will also collect the premium, putting the cost basis of the shares at $9.80 (before broker commissions). To an investor already interested in purchasing shares of UAM, that could represent an attractive alternative to paying $10.73/share today.
UAM September 21st Options Begin Trading
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