Investors in BanColombia, S.A. (CIB) saw new options begin trading this week, for the February 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CIB options chain for the new February 22nd contracts and identified the following put contract of particular interest.The put contract at the $45.00 strike price has a current bid of 50 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $45.00, but will also collect the premium, putting the cost basis of the shares at $44.50 (before broker commissions). To an investor already interested in purchasing shares of CIB, that could represent an attractive alternative to paying $46.05/share today.
Interesting CIB Put Options For February 22nd
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