Short Put - NOK
Starting to try a cash flow method on a low priced stock. NOK has earnings soon, so IV is pumped up here.
$6 put was trading for $.15 when I sold them, ~2.5% premium for $600 in stock over the course of 25 days. If I am assigned, I'll look to sell calls immediately again, hoping to get the stock called away and start the process over.
If I am stuck holding the company for awhile, it sports a 2.9% divvy as well. I am not looking to hold this too long to receive that entire 2.9% yield, but it doesn't hurt.
$6 put was trading for $.15 when I sold them, ~2.5% premium for $600 in stock over the course of 25 days. If I am assigned, I'll look to sell calls immediately again, hoping to get the stock called away and start the process over.
If I am stuck holding the company for awhile, it sports a 2.9% divvy as well. I am not looking to hold this too long to receive that entire 2.9% yield, but it doesn't hurt.
Trade closed: target reached
Covered this morning at $.06 db each, 60% winner and 1.5% ROC in just a few days. here.
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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.