Investors in Callaway Golf Co. (ELY) saw new options become available today, for the June 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ELY options chain for the new June 21st contracts and identified one put and one call contract of particular interest.The put contract at the $9.00 strike price has a current bid of 20 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.80 (before broker commissions). To an investor already interested in purchasing shares of ELY, that could represent an attractive alternative to paying $9.45/share today.
ELY June 21st Options Begin Trading
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