Investors in Enbridge Inc (ENB) saw new options begin trading today, for the September 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ENB options chain for the new September 21st contracts and identified the following put contract of particular interest.The put contract at the $45.00 strike price has a current bid of $1.25. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $45.00, but will also collect the premium, putting the cost basis of the shares at $43.75 (before broker commissions). To an investor already interested in purchasing shares of ENB, that could represent an attractive alternative to paying $45.28/share today.
Interesting ENB Put For September 21st
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