Tuesday, April 28, 2009

Trade - 4/28/09 - ADP

STO (3) Naked Put - ADP May 09 @ $34 for $1.05 each. Net Premium $313

Looking for another good ancher for the trading portfolio and decided on this one. ADP has paid and increased dividends for over 25 years. At this price it is already almost a 4% dividend. This is one that I really hope gets put to me.
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