Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options become available today, for the April 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the XOP options chain for the new April 11th contracts and identified one put and one call contract of particular interest.The put contract at the $68.00 strike price has a current bid of $1.82. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $68.00, but will also collect the premium, putting the cost basis of the shares at $66.18 (before broker commissions). To an investor already interested in purchasing shares of XOP, that could represent an attractive alternative to paying $69.02/share today.
April 11th Options Now Available For SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
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