Investors in Zillow Inc (Z) saw new options become available today, for the March 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the Z options chain for the new March 7th contracts and identified one put and one call contract of particular interest.The put contract at the $81.00 strike price has a current bid of $5.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $81.00, but will also collect the premium, putting the cost basis of the shares at $75.90 (before broker commissions). To an investor already interested in purchasing shares of Z, that could represent an attractive alternative to paying $81.52/share today.
March 7th Options Now Available For Zillow (Z)
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