SBUX - Basis reduction

So I usually try to do a little basis reduction on some long term holdings or divvy holds in the long term accounts.

SBUX had some high vol, so I went out to June to sell some puts around what appears to be support. I will usually take these trades for 50% of profit and run like a thief in the night. I don't have a full 100 shares, but my goal is to over time, reduce the cost of these shares down so much that they are "free" trades and just collect dividends. This does not happen without taking this extra risk, however.

Short June15 $52.50 put for $1.17.
Delta: 25
POP: 74%
Stop loss: - $50ish level (which I will likely just roll).
Target - 50% credit received.

I bought this set of shares, original basis of $55.80. Through my first options play, it reduced my basis down to $52.43. This play (if successful) would further reduce my basis down to $45.13. At SBUX current dividend, this would give me a yield on cost of 2.66%, even though if you had bought today, you would receive around 2.12%. It does not seem like much, but over the course of time and proper management, you can really make an impact with large numbers.
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