About Me
- jc
- Interested in saving and investing for financial freedom. Mid to late career IT worker with 20+ years in the state retirement system seeking alternate income through dividend growth investments. Final goal is to pass it down to my children and that they do the same for their children-a continuing generational wealth transfer.
Wednesday, November 28, 2012
Cash secured puts
To my surprise, 2 of my 3 puts executed. I picked up some ATT at 35/share and some GLW at 11.75/share. It did not occur like I thought it would though...they executed on the last day of the option before it would have expired worthless, at a price lower than my strike price. In other words, I bought the stocks at a price higher than they were actually selling for! Live and learn-although GLW is now in the green for me thanks to a 7% pop, next time I will be more cautious. And since ATT is sitting there getting 5+% as a long term dividend growth stock, I feel that waiting for it to come back is not such a bad deal.
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ReplyDeleteThanks Jessica for the comment and the link. That looks like a useful site with good options information. Options are tricky and I hope to learn more about them.
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