23 June, 2021 seen 38On February 1, 2021, I sold all 55 shares of Washington Prime Group (NYSE:WPG) at $13.45 to purchase 10 shares with KO…
On Aug 20, 2019, I sold the following naked put - WPG APR 17'20 5 @2.37 or I roll forwarded a put sell I made earlier this year (Roll Forward Put Sell: WPG OCT 18'19 5 Put @0.93)
To make this roll forward happen first I had to sell my previous position (Loss here - $159.4) and open the new in which I collected a premium of $237
WPG is a stock we already hold and wouldn't mind adding more to our child's 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 $235, but I will be obligated to buy 100 shares of WPG if the price will stay below 5 USD per share before APR 17, 2020. Currently trading at $3.80
Break-even price: $2.63