Investors in Petroleo Brasileiro S.A. (PBR) saw new options become available today, for the August 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PBR options chain for the new August 29th contracts and identified one put and one call contract of particular interest.The put contract at the $14.50 strike price has a current bid of 61 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $14.50, but will also collect the premium, putting the cost basis of the shares at $13.89 (before broker commissions). To an investor already interested in purchasing shares of PBR, that could represent an attractive alternative to paying $15.06/share today.
Interesting PBR Put And Call Options For August 29th
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