#12 Put Sell: XIN JUN 21'19 5 Put @0.60

Updated: 23 December, 2019 seen 34
option trading put selling Trading XIN

On May 6st, 2019, I made the following put sell - XIN JUN 21'19 5 Put @0.60

This is already the twelve (#12) put sell from my short options trader career. For now, it seems I've found my way in options trading - I'm selling puts against (high) dividend paying stocks I already own or I would like to have.

XIN is a stock I already own, I'm selling calls on it and for sure I wouldn't mind having more. 

XIN currently is trading at $4.49 and has a yearly dividend payout of $0.39  giving a yield of 8.6% (before tax). 

Got for this trade a premium of $60, but I will be obligated to buy 100 shares of XIN if the price will drop below $5 USD per share by JUN 21, 2019. 

Break-even price: $4.40

This latest trade gives 91.41 % yield annually

In case I will be obligated to buy this stock, I already have collected premium, and my real buying price will be $4.40 or just $440 for 100 shares of XIN with an annualized dividend at $0.39  that's a decent 8.8% dividend yield.

about

Hi! My name is Reinis Fischer (38). Dad, husband, options trader, dividend income investor, crypto hedge fund manager, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian). 

If you're looking to diversify your investment portfolio and explore the exciting world of cryptocurrency, be sure to check out my crypto hedge fund for opportunities that align with your financial goals