11 September, 2022 seen 1,525Deribit is my latest discovery from the crazy crypto world. It all started with simple buy-and-hold operations back in…
On March 29th, 2019 I made my second options trade. This time I decided to experiment with T stock and write following put sell - T Jul 19'19 29 Put @0.69
T stands for AT&T, and is one of the rare Blue Chips I can afford and wouldn't mind to have in my portfolio.
Now, I entered this trade just for pure speculation to collect premium (generate income), but in case I will be obligated I will be happy to buy out this stock
Got for this trade a premium of $69, but I will be obligated to buy 100 shares of T if the price will drop below 29 USD per share. Currently trading at $31.95.
Luckily this trade is with shorter expiration than my first trade with FTR (My First Option Trade: FTR Aug16'19 2 Put @0.45)
Break-even price $28.31
If the stock drops below $29 per share I will have to buy 100 shares of T, paying in total $2,900. Good news - T has a track of dividend growth for the last 34 years, currently, it has a 6.38% div yield and pay's 0.51$ every quarter. In case I will have to take this stock, my total dividend income will have a nice TTM + $204