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!