Crazy high return on this new naked put investement in the I'm Loaded #1 account
With the stock at $26,05, sold 50 of the 10-strike naked puts out to Jan. 2014 for JCP. Sales price of 483 per contract. Net proceeds after commissions of $4,115 with cash margin requirements being $9,650. Nominal return of 42.6%n for 72.6 weeks if the margin-safe price all the way down to $11.25 holds. The annualized rate is 27.1% if held to expiration but with the almost-certain early out, the actual annualized rate of return should be in the low 30's. How incredible for TEN-strike naked puts with the stock at TWENTY-SIX.