KHC- long but divi cut stings

Updated
Sold 2 short puts at the 32.5 strike for a buck each with 55 days to expiration. A 35% drop after an S.E.C. inquiry and a cut of the dividend could spell trouble for this trade but I will roll this one and take assignment if necessary. I am not sure if Buffet owns this one or maybe he is the one that sold today and dropped it like this? The yield on this stock is still higher than the 10y bond so I can get a little return for bagholding in this one. Wish me luck.
Comment
Figures......3 straight days down, The "3 day rule" would have worked well here. My 32.5 strike was breached slightly today so I rolled this out until July while volatility was still high. Bought back my puts for 1.45 ( .50 cent loss for each ) and then sold the July 32.5 for 2.60 each ( basically 2.15 credit for the trade now---was a buck ) This would make my basis about 30.5......Fidelity makes me buy on the ask and sell on the bid due to orders having to be placed in even .10 increments even though they trade in pennies--THANKS GUYS
Trade closed manually
Bought these puts back today for 1.55 as I am getting tired of KHC sitting right near my short strike......which makes them hold value. I don't like the price action and would rather close early for a small gain than wait until July fo the last 1.00 to bleed out. Noticing a trend where I tend to eat like a bird and crap like an elephant---not good. This trade was about .90 gain or .45 per lot. Oh well
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