On April 18th, 2019, I made the following put call - Call Selling: XIN JUL 19'19 5 Put @0.2
This was the first call sell in my short options trader career, and already the tenth (#10) from total options trade. I wanted to see how does it actually works - selling premiums on stocks I already have - it works great.
XIN stands for Xinyuan Real Estate, I have this stock in my portfolio since October 2018, when bought it for at $3.79 per share.
On October 2018, I bought 144 shares of Xinyuan Real Estate (XIN ) at $3.79 per share. With its quarterly dividend payout of 0.1 dollars per share, this latest buy has a dividend yield of 10.55 % and will pay us $14.4 every quarter. Awesome!
Got for this trade a premium of $20, but I will be obligated to sell 100 shares of XIN if the price will go up to $5 USD per share by JUL 19, 2019.
Break-even price: $5,2