#13 Put Sell: PEI JUN 21'19 8 Put @0.75

Updated: 23 December, 2019 seen 35

On May 7th, 2019, I made the following put sell - PEI JUN 21'19 8 Put @0.75

This is already the thirteen (#13) 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.

PEI is a stock I would like to have in our children portfolio. 

PEI currently is trading at $7.23 and has a yearly dividend payout of $0.84  giving a yield of 11.6%. Dividends are paid quarterly in the following months - Mar, Jun, Sept, and Dec. In case I will be assigned PEI stock before options expiry I will have 100 shares paying me dividends and giving a nice boost in those months. Awesome.

Got for this trade a premium of $75, but I will be obligated to buy 100 shares of PEI if the price will drop below $8 USD per share by Jun 21, 2019. 

Break-even price: $7.25

This latest trade gives 73.61 % yield annually

In case I will be obligated to buy this stock, I already have collected premium, and my real buying price will be $7.25 or just $725 for 100 shares of PEI with an annualized dividend at $0.84  that's a very high 11.5% dividend yield.

No matter will the option expire worthlessly or I will be assigned I will buy this stock this month to collect dividends for our children portfolio.


Hi! My name is Reinis Fischer (38). Dad, husband, options traderdividend income investorcrypto 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