I made a new Cash Secured Put trade in Verizon Inc (VZ) today – since it fell back into my range of interest:
- Sold: Ten (10) Mar 31, 2023 Puts at $0.55
- Strike Price: $37.00
- *Premium Collected: $550.00
If I am forced to buy the 1000 shares, my entry price for VZ would be *$36.45. VZ also pays a very strong 6.84% dividend, that I will start collecting in early April 2023 if I am put the shares, so that would add another $652.50 to the trade. I have also recently done covered calls in this range that have worked out well – so, depending on the market conditions I could also turn this into a Wheel Options Strategy.
*Excludes transaction costs.
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