DAN Options Trading Begins: April 17th Expiration

Dana Inc (DAN) options for April 17th expiration have begun trading. Investors can sell puts or calls to achieve a higher premium than contracts with a closer expiration. The YieldBoost formula has identified a put contract with a $29.00 strike price and a current bid of 20 cents. Selling this put contract would commit to purchasing the stock at $29.00, collecting the premium, and lowering the cost basis to $28.80. The current odds of the contract expiring worthless are 63%. The call contract at the $31.00 strike price has a current bid of 25 cents, with a total return of 3.00% if the stock gets called away at expiration.