Investors in International Paper Co (Symbol: IP) saw new options begin trading today, for the January 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the IP options chain for the new January 2023 contracts and identified one put and one call contract of particular interest.
The put contract at the $36.00 strike price has a current bid of $1.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $36.00, but will also collect the premium, putting the cost basis of the shares at $34.90 (before broker commissions). To an investor already interested in purchasing shares of IP, that could represent an attractive…
