Tuesday, July 7, 2009

Trade - 7/6/09 - CTL

STO (1) Naked Put - CTL (CENTURYTEL INC) Aug 09 @ $30 for $1.50 each. Net Premium $149. Also purchased 200 shares straight out to write Covered Calls on later.

Ticker: CTL
Expiratoin: 21-Aug-09
Invest Date 06-Jul-09

Current Stock Price $29.75
Strike Price $30.00
Premium $1.50
Annual Dividend $2.80

Days to Expiration 46
Return (Assumes CSP) 5.00%
Annualized Return 39.67%
Downside Protection 4.20%
Effective Dividend if Put 9.82%

No comments:

Post a Comment