#55 ET JAN 17'20 13 Put Sell @1.07 (Roll Forward)

Updated: 23 December, 2019 seen 36

On August 6th, 2019, I made the following put sell - ET JAN 17'20 13 Put Sell @1.07 - actually I rolled forwarded a trade I originally opened at the start of July and which approached to the expiration in the money zone.

Not willing to be assigned yet - I roll forwarded this trade to January 2020 and lowered the strike price from $14 per share to $13 per share. The best I got paid for that. #38 Put Sell: ET AUG 9'19 14 Put @0.3

This was already the fifty-fifth (#55) 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.

ET currently is trading at $13.83 and has a yearly dividend payout of $1.22 giving a yield of 8.82% (before taxes). Dividends are paid quarterly in the following months - Feb, May, Aug, and Nov. These are the months I'm always worried about, in case I will be assigned ET stock before options expiry I will have 100 shares paying me dividends in lowest months of the year. Awesome.

Got for this trade a premium of $108, but I will be obligated to buy 100 shares of ET if the price will drop below $13 USD per share by Jan 17, 2020

Break-even price: $11.93

This latest trade gives 17.91% yield annually

In case I will be obligated to buy this stock, I already have collected premium, and my real buying price will be $11.93 or just $1,193 for 100 shares of ET with an annualized dividend at $1.22  that's 10.23% dividend yield.


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.