I sold premium on 6 T 28 dollar Put contracts for next Friday October 23 expiration for .52. If I get assigned I will own 27.5 shares if not I got my dividend (premium) without owning the shares.
Since earnings comes out on 10/22 there was good premium available. This is all I do anymore in a strategy called the wheel. sell puts on the weeklies until I get assigned then sell calls until I get called! Round and Round I go and this year running a 35% return!
T---trading near 10 year lows, 25 year low is $19.xx
back in for 1000 shares at $27.53, do not care if it goes lower, do not care if they cut the dividend.
hedged with KO VZ SBUX CLF HON MMM RTX XOM AMZN FB AAPL WM MCD HD COST KR CAG TR WDFC DPZ NVDA AMD INTC CSCO K CPB GO SFM OXY DIS FANG JNJ PG CL CCK CHD GE BA UAL WYNN LVS AMT AWk AWR EOG EMR PGR MKC UNP CMI SLB CVX KMI BP O SPG QQQ SPY LL X AMT JCI MAS SHW SMG HSY GT UNFI MSFT GOOG PLUG TLRY F OGIG DIV PGX ORCL NKE
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