I'm reporting a put I sold this week. I decided to sell a SO put since I'd like to add more of the stock at my cost basis or lower. It currently yields about 4.5%.
I Sold 1 SO Nov 16 '13 $45 Put @ 2.09
This trade could turn out a few ways:
1) I hold shares until expiration and shares are trading above $45.00. I will get to keep the $209 in options premiums.
2) I hold shares until expiration and shares are trading below $45.00. I will get assigned 100 shares of SO at a cost of $42.91/share. This price also corresponds to a yield of 4.7%.
3) Shares of SO go on a run and I decide to buy back the put early for a profit less than $209.
I currently have 15 open options positions and a total options profit of $2544 for 2013. My options page has been updated accordingly.
No comments:
Post a Comment