#68 Selling Naked Put: WPG APR 17'20 5 @1.94 (Roll Forward)

Updated: 23 December, 2019 seen 24

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