Investors in Allergan, Inc (AGN) saw new options become available today, for the May 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AGN options chain for the new May 17th contracts and identified one put and one call contract of particular interest.The put contract at the $120.00 strike price has a current bid of $2.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $117.40 (before broker commissions). To an investor already interested in purchasing shares of AGN, that could represent an attractive alternative to paying $124.00/share today.
May 17th Options Now Available For Allergan (AGN)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.