Investors in ConocoPhillips (COP) saw new options become available today, for the May 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the COP options chain for the new May 30th contracts and identified one put and one call contract of particular interest.The put contract at the $69.00 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $69.00, but will also collect the premium, putting the cost basis of the shares at $68.15 (before broker commissions). To an investor already interested in purchasing shares of COP, that could represent an attractive alternative to paying $70.52/share today.
COP May 30th Options Begin Trading
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