I must be a glutton for punishment, continuing to trade after last week’s epic market meltdown. I am not thrilled with the way my DOW Inc. (DOW) trade from a few weeks ago is doing, even though I only do Cash Secured Puts on stocks I want to own. The stock has had several legs down since I did my last roll – time will tell, I guess.
Anyway, I put my grown-up pants on today and made a new trade for Energy Transfer LP (ET) which has been on my watch list for a while – I don’t think Trump’s Tariff policies should crush it quite as bad as DOW, but who knows.
Here is the trade:
- Sold: Ten (10) Apr 25, 2025 Puts at $0.55
- Strike Price: $15.00
- *Premium Collected: $550.00
I think this is a good opportunity to capture ET’s 8% distribution yield, so I am willing to take the risk of a further correction in the overall market.
*Excludes transaction costs.
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