Investors in Alpha Natural Resources Inc (ANR) saw new options begin trading today, for the June 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ANR options chain for the new June 13th contracts and identified the following put contract of particular interest.The put contract at the $3.00 strike price has a current bid of 3 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 $2.97 (before broker commissions). To an investor already interested in purchasing shares of ANR, that could represent an attractive alternative to paying $3.22/share today.
Interesting ANR Put Options For June 13th
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