Monday, April 30, 2012

Options Trade & Update - JNJ & PG

Procter & Gamble's recent weakness has provided a good opportunity to sell a naked put.  I'd also love to have PG as a core holding if I can get it at the right price.  I decided to close out my JNJ October put for a small profit so I could sell a PG July put without needing more cash.  If PG gets assigned then I'll own PG for a total cost of $61.08/share and a YOC of 3.68% (before fees).  


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
04/25/12 Sold 1 CHK July 21 '12 $16 Put @ 1.13
04/30/12 Sold 1 PG July 21 '12 $62.50 Put @1.42

Closed Out:

04/12/12 Sold 1 JNJ Oct 20 '12 $62.50 Put @ 2.60 
04/30/12 Bought to Close 1 JNJ Oct 20 '12 $62.50 Put @ 1.62
Profit: $98 before brokerage fees (not bad for only waiting 18 days)

01/19/12 Sold 2 TSM July 21 '12 $15 Puts @ 1.80
04/09/12 Bought to Close 2 TSM July 21 '12 $15 Puts @ 1.03
Profit: $154 before brokerage fees


01/03 - Sold 1 RIG $35 May 19 '12 PUT @ 2.11
03/12 - Bought to Close 1 RIG $35 May 19 '12 Put @ .09
Profit: $202.00 before brokerage fees 


01/06 Bought 10 SLV Jan 19 '13 $45 Calls @ 1.05
01/26 - Sold to Close 5 SLV Jan 19 '13 $45 Calls @ 1.85
02/28 - Sold to Close 5 SLV Jan 19 '13 $45 Calls @ 2.03
Profit: $890 before brokerage fees


Total Profit before fees: $1344


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