I was put shares of Procter & Gamble (PG).

music selection:  “Shooting You Down” — Faster Pussycat

On 25JAN2021 I bought a bear put spread in PG at the 136/141 strikes with 19MAR2021 expiry for 4.50 a share (8 spreads).  I was assigned overnight at 136.  I exercised my long puts at 141.  On 3,600 dollars at risk over 52 days, I earned 400 dollars for my trouble.  That is good for 11.1% return or 78% annualized.

Spreads in Abbot and Colgate Palmolive are in the in money and I expect to collect the full gain on Friday.  Overall, I’m pacing around 6,000 in trading profits for the month of March.  I have some in the money covered calls that will raise some cash which will be deployed in dividend stocks to create more truly passive income.

Devour your raptors!

Early Assignment PG

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