STO (2) Naked Put - VZ (Verizon) Sep 09 @ $30 Strike for $0.79 each. Net Premium $157. I am back in Verizon after a nice pull back. This is a big strong stable steady Eddy company. Also a very nice dividend. If I get put at $30 I will enter more NPs at $28. It won't bother me a bit to play a "Buffet" and hold this one forever.
Risk Management:
Ticker: VZ
Expiratoin: 18-Sep-09
Invest Date 18-Aug-09
Current Stock Price $30.22
Strike Price $30.00
Premium $0.79
Annual Dividend $1.84
Days to Expiration 31
Return (Assumes CSP) 2.63%
Annualized Return 31.01%
Downside Protection 3.34%
Effective Dividend if Put 6.30%
18 hours ago
No comments:
Post a Comment