Investors in Con-Way Inc (CNW) saw new options begin trading today, for the November 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CNW options chain for the new November 16th contracts and identified one put and one call contract of particular interest.The put contract at the $40.00 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $40.00, but will also collect the premium, putting the cost basis of the shares at $39.15 (before broker commissions). To an investor already interested in purchasing shares of CNW, that could represent an attractive alternative to paying $41.87/share today.
November 16th Options Now Available For Con-Way (CNW)
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