On October 22, 2012 I entered into the following transaction:
10/22/12 STO 2 PEP Dec 22 67.5 Puts @.8 $148.46
This is a 59 day trade that uses ~$2600 in margin maintenance. Pepsi had showed a bit of weakness after issuing it's quarterly report. If these puts expire worthless we will earn 5.71% in 59 days or 35.32% annual return on maintenance. If the shares our put to us our yield on cost will be 3.2%.
Great post on pepsico.
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