Naked Put - CLX (Clorox) Feb 10 @ $60 Strike for $0.85 each. Net $85 per contract.
Clorox is one of my sure things. I originally purchased it at $56 and kept writing calls on it until it was finally taken from me last month at $60. I have been waiting for a pull back but it hasn't happened so I am going to just jump back in. Clorox is a solid company with a long long history of raising dividends. Nothing would make me happier that to get put this stock at a price of $59.15 ($60 - $0.85 premium). Not the juiciest return of my portfolio but a very safe investment.
Ticker: CLX
Expiratoin: 2/19/10
Invest Date 1/6/10
Current Stock Price $61.75
Strike Price $60.00
Premium $0.85
Annual Dividend $2.00
Days to Expiration 44
Return (Assumes CSP) 1.42%
Annualized Return 11.75%
Downside Protection 4.21%
Effective Dividend if Put 3.38%
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...
18 hours ago
Could you please explain what is effective dividend if put? Thanks
ReplyDeleteHope to see you blogging again and sharing us your options trading tips and updates.
ReplyDeletehttp://www.simpleroptions.com/
Thanks for sharing helpful Option tips
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