My original put on Du Pont expired worthless.

music selection:  “Build Me Up Buttercup” — The Foundations

On Monday I went back for more.  Shares are running up some so I went a few strikes out of the money for more downside protection.  I sold the 8JAN2016 expiry 65 strike put for 0.94 per contract.  The trade will be in force for 40 days and yields 13.2% annualized.  There is 5.03% downside protection in the trade.  A fair trade for a solid company.

I will have no new trades until the December 18 expiries.  I’ll be doing some more theoretical and conceptual posts in the interim and also introducing a new asset class I’ve started trading.  First post of the year should be a ‘transparency’ post where I’ll reveal my stash size and begin publicly tracking my withdrawal rate.

Devour your prey raptors!

Write put E. I. du Pont de Nemours and Company (DD)

Never miss another opportunity to devour prey!

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.