Investors in Sprint Corp (S) saw new options begin trading today, for the June 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the S options chain for the new June 21st contracts and identified one put and one call contract of particular interest.The put contract at the $8.00 strike price has a current bid of 50 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.50 (before broker commissions). To an investor already interested in purchasing shares of S, that could represent an attractive alternative to paying $8.52/share today.
June 21st Options Now Available For Sprint (S)
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