Investors in Sirius XM Holdings Inc (SIRI) saw new options become available today, for the May 23rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SIRI options chain for the new May 23rd contracts and identified one put and one call contract of particular interest.The put contract at the $3.00 strike price has a current bid of 2 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $3.00, but will also collect the premium, putting the cost basis of the shares at $2.98 (before broker commissions). To an investor already interested in purchasing shares of SIRI, that could represent an attractive alternative to paying $3.38/share today.
May 23rd Options Now Available For Sirius XM Holdings (SIRI)
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