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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Dec 13, 2012 1:56 PM Flag

    Truly mind-boggling: my new naked put investment

    With the stock up 6% today to $20.60, I just sold 50 contracts of the FIVE-strike naked puts for J.C. Penney (JCP) out to Jan. 2015. I received an incredible $73 per contract or $3,615 after commissions with cash margin requirements of $131 apiece or $6,550 all told. The nominal return if the $5.65 margin-safe price holds is 55.7% for 109.4 weeks - over 0.5% per week. Breakeven on this investment is about $4.25 with the stock currently at $20.60. I've never seen anything like this in my life but seeing is believing.

    12/13/2012 13:40:37 Sold 50 JCP Jan 17 2015 5.0 Put @ 0.73 3,614.55

    Sentiment: Buy

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