Investors in Affymetrix, Inc. (AFFX) saw new options become available this week, for the January 2014 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AFFX options chain for the new January 2014 contracts and identified one put and one call contract of particular interest.The put contract at the $7.50 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $7.50, but will also collect the premium, putting the cost basis of the shares at $6.85 (before broker commissions). To an investor already interested in purchasing shares of AFFX, that could represent an attractive alternative to paying $8.00/share today.
First Week Of January 2014 Options Trading For Affymetrix (AFFX)
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