Investors in Financial Select Sector SPDR Fund (XLF) saw new options begin trading today, for the August 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the XLF options chain for the new August 30th contracts and identified one put and one call contract of particular interest.The put contract at the $20.50 strike price has a current bid of 37 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.50, but will also collect the premium, putting the cost basis of the shares at $20.13 (before broker commissions). To an investor already interested in purchasing shares of XLF, that could represent an attractive alternative to paying $20.61/share today.
August 30th Options Now Available For Financial Select Sector SPDR Fund (XLF)
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