I Sold 1 TGH Nov 16 '13 $35 Put @ 1.75
This trade could turn out a few ways:
1) I hold shares until expiration and shares are trading above $35.00. I will get to keep the $175 in options premiums.
2) I hold shares until expiration and shares are trading below $35.00. I will get assigned 100 shares of TGH at a cost of $33.25/share. This price also corresponds to a yield of 5.5%.
3) Shares of TGH go on a run and I decide to buy back the put early for a profit less than $175.
I currently have 16 open options positions and a total options profit of $2544 for 2013. My options page has been updated accordingly.
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