Investors in United States Oil Fund LP (USO) saw new options become available today, for the August 23rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the USO options chain for the new August 23rd contracts and identified one put and one call contract of particular interest.The put contract at the $37.50 strike price has a current bid of 29 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $37.50, but will also collect the premium, putting the cost basis of the shares at $37.21 (before broker commissions). To an investor already interested in purchasing shares of USO, that could represent an attractive alternative to paying $38.01/share today.
August 23rd Options Now Available For United States Oil Fund (USO)
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