Investors in Daily Energy Bear 3x Shares (ERY) saw new options become available this week, for the June 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ERY options chain for the new June 21st contracts and identified one put and one call contract of particular interest.The put contract at the $16.00 strike price has a current bid of $1.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $16.00, but will also collect the premium, putting the cost basis of the shares at $15.00 (before broker commissions). To an investor already interested in purchasing shares of ERY, that could represent an attractive alternative to paying $16.15/share today.
First Week Of June 21st Options Trading For Daily Energy Bear 3x Shares (ERY)
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