Investors in Hercules Offshore Inc (HERO) saw new options begin trading this week, for the September 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the HERO options chain for the new September 21st contracts and identified one put and one call contract of particular interest.The put contract at the $7.00 strike price has a current bid of 40 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $7.00, but will also collect the premium, putting the cost basis of the shares at $6.60 (before broker commissions). To an investor already interested in purchasing shares of HERO, that could represent an attractive alternative to paying $7.37/share today.
Interesting HERO Put And Call For September 21st
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