OSH
wrote some naked puts (ie, insure somebody for their precious stocks) on OSH because I am happy to buy OSH at these prices. Lots of consolidation at $4.20 with plenty of support at $4 and $3.7 and there is plenty of room to move to $4.6
I wrote down on my note pad I kept 5-10 years ago when I was looking at stocks “when in doubt, buy oil and gold” These are defensive stocks and hopefully will hold out if anything crazy happens to the stock market.
The Trade (OSH) - Traded on 4th July 2007
Sell Jul $4.22 Puts @ $0.145
Stock closed at 4.15 today, so there is 7c intrinsic value & 7.5ctime value
Expiry = 26/07/2007
Share/Contract = 1007
Max Profit = 0.145
Max Risk = 4.145 [4.22 - 0.075)
Return on Risk (not exercised/assigned) = 3.44%
Return on Risk (exercised/assigned) = 1.78%
Breakeven = $4.145
I opened 13 contract:
Reward for trade (excluding fees) $1,898.195
Reward for trade (including fees) $TBA
Value At Risk $54,262.195
Related PostsNo related posts
