Investors in Vonage Holdings Corp (VG) saw new options become available this week, for the October 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the VG options chain for the new October 19th contracts and identified the following put contract of particular interest.The put contract at the $3.00 strike price has a current bid of 10 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $3.00, but will also collect the premium, putting the cost basis of the shares at $2.90 (before broker commissions). To an investor already interested in purchasing shares of VG, that could represent an attractive alternative to paying $3.18/share today.
First Week Of VG October 19th Options Trading
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