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Strategies & Market Trends : Option Strategies

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From: Thehammer	10/17/2018 1:18:43 PM
	of 2591

Rolled my OCT 105 SJM PUTS today. BOT at $1.6 and sold JAN 100 @ $3.70 for gross credit of $2.10 Probably could have gotten quite a bit more but the overall price action had me nervous. I initially put the trade in for a credit of $3.10 but lowered it today when the stock was down and ITM. The midpoint time value was about $.60. According to my spreadsheet, the annualized return on the OCT puts was 11.47% and the maximum annualized return on the JAN puts is 14.52% if they expire worthless. Also lowerened the strike price by $5.00. I track all this in a spreadsheet for this account, I don't keep a spreadsheet for the other account. It had not been continuous but I sold my first SJM puts in JULY 2011 $75 strike. I keep track of all the premiums received on an underlying and calculate an "adjusted" price if assigned. The adjusted price on SJM is $64.46. Interesting thing about SJM, is that every trade but the first one was profitable. I gad to buy that one at more than I received on sale BUT also got a better premium on the sell side.

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