STO (5) Naked Put - T (AT&T) October 09 @ $22 for $1.04 each. Net Premium $516.
Looking for some safety and to lock in some premiums here. Very safe dividend with quite a bit of downside protection.
Risk Management:
Ticker: ATT
Expiratoin: 16-Oct-09
Invest Date 15-Jun-09
Current Stock Price $24.42
Strike Price $22.00
Premium $1.04
Annual Dividend $1.64
Days to Expiration 123
Return (Assumes CSP) 4.73%
Annualized Return 14.03%
Downside Protection 14.17%
Effective Dividend if Put 7.82%
22 hours ago
Are you sure the $1.04 premium is right, I just checked it and a $22 July put is $0.16
ReplyDelete