Monday, August 17, 2009

New Trade - 8/17/09 - XOM

STO (1) Naked Put - XOM (Exxon Mobile) Sep 09 @ $65 Strike for $1.55 each. Net Premium $154. A good pull back today on this stock and I leaped into it. This is a bellweather company that has seen alot of support around the $65 mark all year. This gives me safety and I am now overweight on commodities in my portfolio.

Risk Management:

Ticker: XOM
Expiratoin: 18-Sep-09
Invest Date 17-Aug-09

Current Stock Price $66.62
Strike Price $65.00
Premium $1.55
Annual Dividend $1.68

Days to Expiration 32
Return (Assumes CSP) 2.38%
Annualized Return 27.20%
Downside Protection 4.76%
Effective Dividend if Put 2.65%

No comments:

Post a Comment