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)

Sharing is caring!

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Your email address will not be published.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.