{"id":14593,"date":"2014-02-06T08:38:28","date_gmt":"2014-02-06T13:38:28","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=14593"},"modified":"2014-02-06T08:21:59","modified_gmt":"2014-02-06T13:21:59","slug":"alcoa-inc-nyseaa-options-begin-trading","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alcoa-inc-nyseaa-options-begin-trading-14593","title":{"rendered":"Alcoa Inc. (NYSE:AA) Options Begin Trading"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 02\/06\/2014 (wallstreetpr) &#8211; New <b>Alcoa Inc (NYSE:AA) <\/b>options begun trading on January 30, 2014 for October 14 expiration with the price of an option a buyer is willing to pay being determined solely by its time value. This are the initial stages of trading for the options which represent a good time frame till expiry for anyone wishing to profit before the expiry. AA has placed a current bid of 82 cents for a put contract at a strike price of $11. This essentially represent an alternative investment opportunity to any investor willing to invest in AA Instead of paying $14.02 per share. The $11 strike price represents approximately 27% discount to the current share price of $14.02.<\/p>\n<p style=\"text-align: justify;\"><b>AA Pays $384 million in fines<\/b><\/p>\n<p style=\"text-align: justify;\">Alcoa Inc. (NYSE:AA)<b> <\/b>had the biggest test which is sure to affect its cash balance having been ordered to pay a total of $384 million in fines for violation of corruption laws by federal authorities. The allegations arose amidst claims that a subsidiary of AA had paid a total of $110 million to a Bahraini official in a bid to influence contract negotiations regarding a major government operated plant. AA has pleaded guilty to the charges according to the department of justice. The settlement package will involve $223 million going to the DOJ while $161 million going to the SEC with the amounts being paid in installments according to AA request.<\/p>\n<p style=\"text-align: justify;\">Alcoa Inc. (NYSE:AA)<b> <\/b>experienced a drop of 3.33% on Wednesday trading session to close the day at $11.04<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 02\/06\/2014 (wallstreetpr) &#8211; New Alcoa Inc (NYSE:AA) options begun trading on January 30, 2014 for October 14 expiration with the price of an [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":14594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2832,966],"stock_ticker":[],"class_list":["post-14593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alcoa-inc-nyseaa","tag-nyseaa","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alcoa Inc. 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