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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Jul 17, 2013 7:14 PM Flag

    Replacement naked put investment for CSCO

    In the 250K long-term naked put-writing portfolio, I sold 30 contracts of the KORS 45-strike naked puts expiring in Jan. 2015. The selling price was $459 per contract and net proceeds after commissions amounted to $13,745 with initial cash margin requirements at TD Ameritrade being $13,745. If the position is held to expiration in just over 18 months and this $63 stock holds above the margin -safe price of $50.65, the nominal return for the period will be 49.2% which is at the rate of about 29% annualized.

    07/17/2013 15:43:37 Sold 30 KORS Jan 17 2015 45.0 Put @ 4.59 13,745.54

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