The following puts just expired worthless:
03/29/2012 STO 2 PG July 21 2012 62.5 Puts @.88 164.47
This was a 114 day trade with an average of ~2300 in margin maintenance. Our return on maintenance is 7.15% or 22.9% annual. I thought about rolling out the 62.5's but decided against it with the recent surge in the stock due to the Ackman intervention. In addition, I believe long term that Costco and Wal-Mart and their brand of products will continue to take market share from the more expensive PG products. That being said I will still sell out of the money puts when fearful dumping of PG stock occurs.
Not bad work for 22.9%
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