The put option I sold in September was assigned over the weekend. I was put 100 more shares of INTC at a cost of 22.56 before commission. My cost basis went up slightly accounting for all commissions from 22.73 to 22.80.
I now own 196 shares of INTC and this increases my position to a little over 6% of my portfolio. I also have two additional put contracts expiring in December and July. I think INTC is a great value here and I'm willing to build up to a 1000 share position long-term.
The closed out put option can be found on my options tab.
Nice options trades on INTC and VOD. Both stocks have taken hits lately, opening up some good opportunities. I wouldn't mind adding to my positions in both stocks, but I simply don't have the cash to do it. Sigh!
ReplyDeleteHi DGM. Thanks for stopping by to comment.
DeleteI'm using puts to average down on INTC. I actually entered a limit order this morning to buy more, we'll see if it hits. I'm really liking INTC, VOD, KMI, NVS, and CAT to name a few at these prices. Between the fiscal cliff and investors selling to take advantage of lower taxes this year, I think we'll see depressed prices through December.