#54 T NOV 15'20 33 Put Sell @1.45 (Roll Forward)

Updated: 23 December, 2019 seen 39

On August 5th, 2019, I made the following put sell - T NOV 15'20 33 Put Sell @1.45 - actually I rolled forwarded a trade I originally opened at the start of August and which approached to the expiration in the money zone.

Not willing to be assigned yet - I roll forwarded this trade to November 2019 and lowered the strike price from $34 per share to $43 per share. The best I got paid for that. #49 T AUG 16'19 34 Put Sell @0.39

This was already the fifty-fourth (#54) 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.

Got for this trade a premium of $1.45, but I will be obligated to buy 100 shares of T if the price will drop below $33 USD per share by NOV 16, 2019

Break-even price: $31.55

In case I will be obligated to buy this stock, I already have collected premium, and my real buying price will be $31.55 or just $3,155 for 100 shares of T