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Publicis Groupe SA Message Board

  • iwantwhatscomingtome iwantwhatscomingtome Aug 26, 2007 9:53 AM Flag

    writing puts anyone?

    I decided that as long as I was sitting on cash reserves in money market funds and given the volatility/fear premium in puts, might as well put it to work - wrote puts on some stocks that I would like to add/own lower: KFN at 15, MO at 65, HBC at 85, RYN at 40 and WY at 60. Annualized return from the Oct premiums [i.e, not counting the money market rate about 4.9% paid on the cash balances tied up for possible assignment] range from 42% for KFN to about 12% for the others. I own common on all of them exc WY, and wanted to buy more but at a lower price. This is my solution.