#36 Put Sell: FTR JAN 17'20 1 Put @0.2

Updated: 23 December, 2019 seen 19

On July 5th, 2019, I made the following out of the money (OTM) put sell -  FTR JAN 17'20 1 Put @0.2

This is already the thirty-sixth(#36) 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.

FTR is actually very risky stock to trade with, There is a huge possibility of bankruptcy, but as the money I risk in this trade is not huge, I will take the risk. lol. FTR was first stock I made options trade back in March 2019, see My First Option Trade: FTR Aug16'19 2 Put @0.45

Got for this trade a premium of $20, but I will be obligated to buy 100 shares of FTR if the price will drop below 1 USD per share by JAN 17 2020

Break-even price: $0.8

This trade gives 32.78% yield annually