- $8.25 comms leaves $3407.75 as a Sweet Premium received. I was on holiday in the Whitsundays and I was due to return near the expiry date for my August puts.
When I got back, I discovered that my puts expired ITM, but didn't get exercised. So I found myself with yet another opportunity to write a put against BHP. The price was down yesterday and the sentiment was low because they announced a profit downgrade and a reduced dividend, so it was a good time to write puts. The price was around the $42.80 mark when I wrote some $41.92 contracts for $1.22. That price was lower than some of my other trades, but the timeframe is shorter too, so I will be able to write again sooner if needs be. I think the price will rally a bit from here as people chase the dividend, and that should hopefully leave a decent buffer so that even when the stock goes ex, it won't drop below my strike price.
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