Cash flow play here.
Sold $INTC $34 put for $.56, 1.46 return on capital over the next 25 days. I'll look to rinse and repeat until assigned and then sell calls again.
Breakeven is $34 - .56, or $33.44.
Sold $INTC $34 put for $.56, 1.46 return on capital over the next 25 days. I'll look to rinse and repeat until assigned and then sell calls again.
Breakeven is $34 - .56, or $33.44.
Trade closed: target reached:
Covered this put @ $.21 db this morning, 63% of profit locked in.