Yesterday the following puts expired worthless:
7/16/12 STO 4 LOW Aug 18 '12 24 Puts @.34 $122.97
At
the time of this trade LOW was down ~3% to $25.90. It ended up in the high 27's. This was a 33 day trade with average margin
maintenance of ~$1400. Our return on maintenance was 8.78% or 97.1% annual. I will look to trade Lowe's again should the price drop as it has a lot of daily moves but not much of a monthly one. This is perfect for put selling.
Not bad results.
ReplyDelete