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DiviMo
DiviMo
P&P Score: 4.54   Points: -40.46   Accuracy: 59.17%   Average Pick Score: -0.45   Annual Return: -11.12% (-11.30% since 5/20/11)  

DiviMo's Blog : VISA: Selling Puts

Date July 26, 2011  Edited: July 26, 2011    Comments Comments (3)    Rate this post Recommend This Post (152)   
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I am back into VISA again. I did both the weeklys and I did some Aug 82.50 puts as well yesterday morning. Visa has its earnings coming out tomorrow and the volatility has the premiums moving around a lot. I got .92 cents yesterday morning on the August 82.50 put and on the Weekly I sold the $85 for .40 cents.


INTC:  Instead of waiting until Aug 20 for our INTC AUG20's sell put options to expire, I closed my winning position by paying .03 cents per shr/ contract. This frees up cash-secured money so I can use it to 'make even more money'.


PEP.  On the write put option  watch. PEP Sep 60's, paying .40 premium. Stock is at 64.22 and hasn't been down to 60 in over a year and a half. Good risk/ratio to pick up some easy coin. Second Quarter Earnings from PepsiCo were good but overall  just met the average of the analysts expectations. However the stock fell after the company announced that profit growth this year would be lower than had previously been estimated. That jacked up the put premiums.


At the end of the week, we have a number of dividends being paid as I continue to ejaculate income by selling puts and receiving dividends.

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3 Comment(s):

Author JaiH     Date July 26, 2011 14:09 Abuse this post Report Abuse
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I don't seem to have the ability to sell naked puts, I may have to talk to my broker. Sold some covered calls instead. Following DiviMo, I like his ideas.
Author DiviMo     Date July 27, 2011 18:27 Abuse this post Report Abuse
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JaiH and JJJ, you should be able to write naked puts if you are trading in a USA account. In Canada one cannot write puts in a retirement or non-taxable account. In a USA account, if it is a margin account, you must have enough in your account to cover the margin if you are assigned to purchase the underlying stock. In a cash or non-taxable account, by USA law you should be able to write puts. You need to have enough capital in your account to cover in case you get assigned. The nice thing is the capital within your account can be drawing interest, it just has to be released in case you are called on assignment.
Author JoeJustJoe     Date July 27, 2011 19:47 Abuse this post Report Abuse
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Uhhhm Mr BS, I mean JaiH o-fish-ally crapitulated taday. Last I saw him he wuz on his way to da Wiz's place with his suicide machine tucked "firmly" under his arm. I certainly "hope" dem two brainiacs kin put thur 2 noggins tagether anna figger out how to git sum 3 in 1 in thur...ifn thaaas what Mr BS's suicide machine needs that is. Personally, I sssthink he shoulda jist held his CLUB anna used it to smash the POS to smitherines....thaaas jist my o-pin-yun tho. I wonder ifn he got his confirmation of the selloff from American BS yet. I wonder if Steve left him for anudder man cuz ov all the beitchin >>> "I jist crapitulated on my TZA, TWM, n QID longs 1 day befo WOWza cuz you sed so, Steve! I 'shoulda' lissend to 3J! I'm headin over ta da Wiz's place...where's my suicide machine?!!" :o 3J
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