On September 5, 2019, I sold the following naked put - WPG APR 17'20 5 @1.94 or I roll forwarded a put sell I made earlier this year
To make this roll forward happen first I had to sell my previous position (Loss here - $166) and open the new in which I collected a premium of $194
Made a small profit of $28 (before commissions) from this trade
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 $194, 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: $3.06