I’m reporting an options trade from last Thursday. I sold another INTC put, this time longer dated.
I sold a July 20 ’13 $21 PUT @ 1.96. If assigned I would be buying an additional 100 shares at a cost of $19.04/share. That would be a 4.7% yield if INTC doesn’t even raise its dividend. This would also reduce my cost basis further.
I’m expecting to get put 100 shares this week at a cost of $22.56/share after premiums. I will continue to add to INTC by selling puts as I like the company long-term.
I’ve updated this trade on my options tab.