|Day Low/High||7.00 / 7.17|
|52 Wk Low/High||6.50 / 8.85|
Investors in Scorpio Bulkers Inc saw new options begin trading this week, for the December 21st expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Investors in Scorpio Bulkers Inc saw new options become available this week, for the May 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SALT options chain for the new May 18th contracts and identified the following call contract of particular interest.
Looking at the universe of stocks we cover at Dividend Channel, on 2/14/18, Scorpio Bulkers Inc will trade ex-dividend, for its quarterly dividend of $0.02, payable on 3/15/18. As a percentage of SALT's recent stock price of $7.40, this dividend works out to approximately 0.27%.
Investors in Scorpio Bulkers Inc saw new options become available this week, for the September 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In cyclical industries like shipping, real investment returns come from riskier companies during periods of rising industry prices.
Investors considering a purchase of Scorpio Bulkers Inc stock, but cautious about paying the going market price of $7.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $5 strike, which has a bid at the time of this writing of 30 cents.
The most recent short interest data has been released for the 05/31/2017 settlement date, which shows a 1,278,068 share increase in total short interest for Scorpio Bulkers Inc , to 3,846,426, an increase of 49.76% since 04/28/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
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