Investors in Sunesis Pharmaceuticals Inc (SNSS) saw new options become available this week, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SNSS options chain for the new August 16th contracts and identified one put and one call contract of particular interest.The put contract at the $5.00 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 $5.00, but will also collect the premium, putting the cost basis of the shares at $4.80 (before broker commissions). To an investor already interested in purchasing shares of SNSS, that could represent an attractive alternative to paying $6.60/share today.
First Week of SNSS August 16th Options Trading
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