4 May, 2020 seen 43On April 17th, 2019, I made my first options roll forward and I made the following put sell - PEI JUL 19'19 6 Put @0.8…
On July 22, 2019, I sold the following covered call - PEI AUG 16'19 6 @0.25
This was already forty-fourth (#44) options trade 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. Also, I sell covered calls.
I have been selling puts and call on PEI stock since April 2019. So far, one of my best picks.
Got for this trade a premium of $25, but I will be obligated to sell 100 shares of PEI if the strike price will be $6 and more per share by Aug 16, 2019
Break-even price: $6.25