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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (2337)	3/22/2022 5:43:10 PM
From: robert b furman	Read Replies (1) \| Respond to of 2591

Hi sm1th, Hoping to find a new stock to sell puts on. Trying XRX (Xerox) for a small tracking trade. Yesterday I filled 10 $19.00 April puts for 50 cents. 24 days from expiration. If assigned the $1.00 annual dividend will yield $1.00/18.50 = 5.41% dividend yield. If expires, I get .50/ 18.5 = .027027% / 24/365 days or 41% annualized. If XRX dips below the $18.00 level, it'll be an even better trade. It's seen $17.58 and$ 17.51 in the last 5 months. It pays a $1.00 annual dividend. XRX has a bit of an older tech image, that may not be totally deserved. Watching to see if it is in a horizontal trading range that can be frequently preyed on. Bob