Interesting LUV Put And Call Options For August 16th 6-23-14

Posted: June 24, 2014 in Uncategorized

Investors in Southwest Airlines Co NYSE: LUV saw new options become available today, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LUV options chain for the new August 16th contracts and identified one put and one call contract of particular interest.The put contract at the $26.00 strike price has a current bid of 55 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.00, but will also collect the premium, putting the cost basis of the shares at $25.45 before broker commissions. To an investor already interested in purchasing shares of LUV, that could represent an attractive alternative to paying $27.05/share today.

via Interesting LUV Put And Call Options For August 16th.

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