My old put in PSEC expired worthless and I’m back for more.

music selection:  “Invisible Sun” — The Police

Prospect is a BDC yielding over 13%.  I’m making low ball offers via puts in hopes of getting assigned at an attractive price.  Meanwhile, I’m earning a great yield on the puts.  Assignment will result in writing covered calls against the position for bonus yield.

On Monday, I sold PSEC160617P00007000 for 8 cents a share.  The trade will be in force for 26 days and yields 16.04% annualized.  The trade also enjoys 7.7% downside protection.  I plan to be playing this issue for yield for quite some time.

Devour your prey raptors!

Write Put Prospect Capital (PSEC)

Never miss another opportunity to devour prey!

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