Investors in Sirius XM Holdings Inc (SIRI) saw new options begin trading today, for the April 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SIRI options chain for the new April 11th contracts and identified the following put contract of particular interest.The put contract at the $3.50 strike price has a current bid of 4 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $3.50, but will also collect the premium, putting the cost basis of the shares at $3.46 (before broker commissions). To an investor already interested in purchasing shares of SIRI, that could represent an attractive alternative to paying $3.59/share today.
Interesting SIRI Put Options For April 11th
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