#59 Selling Naked Put: WPG APR 17'20 5 @2.37 (Roll Forward)

Updated: 23 December, 2019 seen 42

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