Investors in Trinity Industries, Inc. (TRN) saw new options begin trading today, for the December 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TRN options chain for the new December 21st contracts and identified one put and one call contract of particular interest.The put contract at the $44.00 strike price has a current bid of $1.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $44.00, but will also collect the premium, putting the cost basis of the shares at $42.60 (before broker commissions). To an investor already interested in purchasing shares of TRN, that could represent an attractive alternative to paying $45.59/share today.
December 21st Options Now Available For Trinity Industries (TRN)
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