On June 6th, 2019, I made the following put sell - WPG JAN 17'20 5 @1.45 or I roll forwarded a put sell I made in May (#14 Put Sell: WPG OCT 18'19 5 Put @0.7)
To make this roll forward happen first I had to sell my previous position (Loss here - $69.8) and open the new in which I collected a premium of $145
WPG is a stock we already hold and wouldn't mind adding more for our children portfolio.
As we already own this stock and would love to increase our share here, I love the idea that I could get it on discounted price + I can collect premium upfront.
Got for this trade a premium of $145, but I will be obligated to buy 100 shares of WPG if the price will drop below 5 USD per share before January 17, 2020. Currently trading at $3.78
Break-even price: $3.55