Short Puts - AMD

Jul 24, 2017

AMD earnings soon.

$13 strike is offering 4.7% ROC right off the bat (.61/contract). This reduces basis to $12.39, where if assigned, I would immediately turn around to sell calls.

Jul 26, 2017

Trade closed: target reached

Sold for .61/contract, 3 contracts total. Covered today @ $.14, $141 total profit. I may look to roll up and sell some more on some pull backs.