STO (3) Naked Put - MEE (Massey Energy) Aug 09 @ $20 for $0.65 each. Net Premium $193. I have been reluctant up to now to invest in coal but this one is a strong comapny and this trade offers alot of downside protection. China is opening 1 new coal burning plant a week and there is no end in sight for them. China gets the bulk of their coal from the good 'ol USA.
Risk Management:
Ticker: MEE
Expiratoin: 21-Aug-09
Invest Date 27-Jul-09
Current Stock Price $23.65
Strike Price $20.00
Premium $0.65
Annual Dividend $0.24
Days to Expiration 25
Return (Assumes CSP) 3.25%
Annualized Return 47.45%
Downside Protection 18.18%
Effective Dividend if Put 1.24%
Monthly Options Expiration Results through May 17th, 2024
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Each month after the monthly options expiration date, this summary report
provides the results on all positions that have been closed out during the
past m...
14 hours ago
Nice play, it looks like their earnings were good and the stock should gap up tomorrow! Wish I pulled the trigger.
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