Monday, April 16, 2012

Options Trade - Johnson & Johnson (JNJ)

I've been out of town since last Wednesday and have a couple of updates.  The first is an options trade on JNJ.  I received notification last Thursday that a limit order on a JNJ put wase filled.

I sold 1 JNJ Oct 20 '12 $62.50 Put for $2.60.  If these 100 shares get assigned I'll own 100 shares of JNJ for $59.90 / share before commissions.  I also expect JNJ to raise the dividend that's payable in June to .60.  This would give me an effective yield on cost of 4%.  Otherwise I'll collect $260 for waiting. 

Here's an updated list of my active options:


Open:

01/23/12 Sold 1 KMI June 16 '12 $30 Put @ 2.25
03/12/12 Sold 1 AZN Oct 20 '12 $45 Put @ 3.00
03/28/12 Sold 3 BBVA July '21 '12 $7 Puts @ .55
04/09/12 Sold 1 VOD July 21 '12 $27 Put @ 1.45
04/12/12 Sold 1 JNJ Oct 20 '12 $62.50 Put @ 2.60

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