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


To: sm1th who wrote (2459)3/10/2023 10:10:06 AM
From: robert b furman  Respond to of 2591
 
Going to snag some of today's fear premium in a stock I expect to trade mostly sideways while maintaining its current dividend of $1.11 annually.

T's recent low of $14.46 back in October 2022.

Sold 10 October $15.00 puts @ .44 and 10 January 2024 15 puts @.61

If assigned net purchase price of 14.56 and 14.39.

If assigned dividend yields of 7.62% and 7.71%

If assigned it will be an excellent add to my dividend payers. If not I'll keep the cash of $1050.00

Take it either way.

Bob



To: sm1th who wrote (2459)3/11/2023 10:15:49 AM
From: sm1th  Read Replies (1) | Respond to of 2591
 
As expected, INTC was called yesterday. With perfect timing, I could have done a little better with a straight sale, but you can never know.