Macy's March 13th Options Available: YieldBoost Formula Identifies Put and Call Contracts

Macy's (M) March 13th options are now available, with a put contract at $19.00 having a current bid of 43 cents and a call contract at $20.50 with a current bid of 50 cents. Selling the put contract would put the cost basis of the shares at $18.57, while purchasing the call contract would result in a total return of 3.86% if the stock gets called away at the March 13th expiration.