Friday, August 10, 2012

Options Trade - ADM


Today I sold 1 Archer Daniels Midland (ADM) Dec $25 put @ 1.31.  If assigned this would give me a purchase price of $23.69 not counting commission and assuming they raise the dividend another .015 by the end of year then I'd own ADM with a YOC of 3.2%.  With a history of raising dividends for 36 straight years I believe this would be a solid company to pick up.  I've updated my options tab to reflect this trade.

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