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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Jun 10, 2013 3:45 PM Flag

    First naked puts in 2013 to be rolled out at a loss

    Bought back 40 AGNC Jan. 25-strike naked puts for $430 apiece or $17,230 after commissions. They had been sold on Oct. 9 for $135 each or $5,370 after commissions. The loss on investment amounted to $11,860.

    I have on occasion taken similar short-term losses but in the last two years, I have never taken a loss on an underlying stock in the fullness of time after rollouts. And I don't think this will be the exception.

    Accordingly, I sold 50 of the 20-strike naked puts for AGNC expiring in Jan. 2015. The options were sold for 4340 each or $16,965 after commissions. If the stock is over $20 in 19 months, I'll still walk away with profits of iover five grand to show for my efforts.

    06/10/2013 15:12:46 Sold 26 AGNC Jan 17 2015 20.0 Put @ 3.4 8,824.91
    06/10/2013 15:12:46 Sold 24 AGNC Jan 17 2015 20.0 Put @ 3.4 8,139.07
    06/10/2013 15:15:07 Bought 10 AGNC Jan 18 2014 25.0 Put @ 4.3 -4,312.74
    06/10/2013 15:15:14 Bought 10 AGNC Jan 18 2014 25.0 Put @ 4.3 -4,305.74
    06/10/2013 15:15:14 Bought 10 AGNC Jan 18 2014 25.0 Put @ 4.3 -4,305.74
    06/10/2013 15:15:14 Bought 10 AGNC Jan 18 2014 25.0 Put @ 4.3 -4,305.74

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