Put_Master
Registered: May 2009
Posts: 1029 |
07-13-12 06:30 PM
Sold naked puts on $17.5 WMS for August.
Credit $0.30
I tried geting $0.35, but didn't get filled.
Annualized % return on the trade.... 17%
Stocks fundamentals are mixed, but overall reasonable.
Tech support at or above my strike is also reasonable.
I probably should have waited for the stock to drop a bit more and perhaps test 19, but I wouldn't get much more credit for it, and thus not worth the risk of missing the trade, or losing a weeks time decay over an extra $0.05
The L-T downside risk I see is about $16, and a covered call would take care of that issue.
I live in Vegas.
While I don't gamble, I do study the slot and poker machines from various companies.
I like the WMS machines.
I also like IGT. But still waiting for stock to drop more before getting back into it.
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