Investors in Goodyear Tire & Rubber Co. (GT) saw new options begin trading today, for the February 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the GT options chain for the new February 28th contracts and identified one put and one call contract of particular interest.The put contract at the $23.50 strike price has a current bid of 80 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $23.50, but will also collect the premium, putting the cost basis of the shares at $22.70 (before broker commissions). To an investor already interested in purchasing shares of GT, that could represent an attractive alternative to paying $23.87/share today.
February 28th Options Now Available For Goodyear Tire & Rubber (GT)
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