Opening (IRA): EWZ January 17th 23 Short Put
... for a .71 credit.
Comments: Here, I'm just trying to reduce my cost basis in my shares of stock (which is kind of an "ugh" at 31.65), so looking to take assignment at 23/share. Because of this, I will look to run this all the way to expiry, at which point I either get assigned or it expires worthless.
Metrics:
Break Even/Buying Power Effect: 22.29
Max Profit: .71
ROC at Max: 3.19%
Comments: Here, I'm just trying to reduce my cost basis in my shares of stock (which is kind of an "ugh" at 31.65), so looking to take assignment at 23/share. Because of this, I will look to run this all the way to expiry, at which point I either get assigned or it expires worthless.
Metrics:
Break Even/Buying Power Effect: 22.29
Max Profit: .71
ROC at Max: 3.19%
Note
Since this only pays dividends in June and December, I don't feel the need to take assignment yet, so am rolling here ... .
Out to the February 17th 23 short put for a .33 credit. Total credits collected of 1.04.
Trade closed manually
Closed here for a .71 debit; .33 ($33) profit. Will open up a slightly lower strike shortly ... .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.