Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (112273)	10/10/2018 11:07:49 PM
From: robert b furman	Read Replies (1) of 221612

I sold them "to open". On a very low price relative to where they trade now. I sell them out in time (over 12 months) so it is a capital gain. If assigned to me they will yield 4.0 % plus. I had previously sold my position in March @ $18.38 and wanted to buy them back. If assigned to me my adjusted cost will be $10.95. They pay a 44 cent dividend - yielding just over 4.01% My previous cost basis was 11.37. If they are not assigned I'll get a yield of 14.98% annualized for 15 months - not bad. So for 15 months I get to keep the $2050.00 bucks - less commissions $10.00 or so. I also sold some last week at 1.80 and 1.90. Put premiums have really gone up the last two weeks! Bob

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