Investors in Popular Inc. (BPOP) saw new options become available this week, for the February 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BPOP options chain for the new February 22nd contracts and identified one put and one call contract of particular interest.The put contract at the $28.00 strike price has a current bid of $1.11. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.89 (before broker commissions). To an investor already interested in purchasing shares of BPOP, that could represent an attractive alternative to paying $28.43/share today.
First Week Of February 22nd Options Trading For Popular (BPOP)
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