Investors in Under Armour Inc (UA) saw new options begin trading today, for the November 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UA options chain for the new November 22nd contracts and identified one put and one call contract of particular interest.The put contract at the $81.00 strike price has a current bid of $3.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $81.00, but will also collect the premium, putting the cost basis of the shares at $77.80 (before broker commissions). To an investor already interested in purchasing shares of UA, that could represent an attractive alternative to paying $82.03/share today.
November 22nd Options Now Available For Under Armour (UA)
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