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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Dec 17, 2012 11:43 AM Flag

    Sold 150 more of the JCP 5-strike naked puts expiring in Jan. 2015

    With the stock around $20.30, I sold them for $70 apiece. I received net proceeds after commissions of $10,395 with cash margin requirements being $19,500.

    The nominal return for the 25-month holding period is a whopping 53.3% which amounts to 22.6% annualized. The stock would have to plunge almost 75% before getting down to the margin-safe price of just$5.65. Breakeven on this investment is all the way down to about $4.32 on this $20.30 stock. What an incredible joke!

    Almost nobody does this sort of thing and I consider myself to be one of the foremost experts in the nation at this kind of investing which is much much safer than buy-and-hold strategies. .

    12/17/2012 11:12:43 Sold 50 JCP Jan 17 2015 5.0 Put @ 0.7 3,464.56
    12/17/2012 11:19:53 Sold 2 JCP Jan 17 2015 5.0 Put @ 0.7 138.85
    12/17/2012 11:19:53 Sold 48 JCP Jan 17 2015 5.0 Put @ 0.7 3,325.70
    12/17/2012 11:25:14 Sold 25 JCP Jan 17 2015 5.0 Put @ 0.7 1,728.78
    12/17/2012 11:25:40 Sold 1 JCP Jan 17 2015 5.0 Put @ 0.7 69.42
    12/17/2012 11:25:40 Sold 24 JCP Jan 17 2015 5.0 Put @ 0.7 1,666.35

    Sentiment: Buy

 
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