... for a .40 credit.
Notes: Another "not a penny more" short put with a resulting cost basis of 51.60/share if assigned. As with my XLU and HYG not a penny mores (See Posts Below), will look to roll "as is" for a credit on at least a quarterly basis until assigned or that's no longer productive. Current yield of 2.99%; $178 annualized on a one lot ... .
This...
... for a 1.10/contract credit.
Metrics:
Max Loss/Buying Power Effect: Full notional
Max Profit: $110/contract
Break Even on Setup: 123.90 (18.4% discount over where the underlying is currently trading if assigned)
Delta: 10.93 (Current)
Theta: 1.36 (Current)
Notes: While I'm sitting on my hands a bit here, I figured I post one of my kid's "Not A Penny More"...
