02-15-2019, 07:47 AM
(This post was last modified: 02-15-2019, 07:49 AM by crimsonghost747.)
fenders53 Wrote:Thanks. I looked at SIX sometime back but missed the bad earnings report today. Still looks like an opportunity. I took a little different approach but it is my version of going long. Sold a June 52.50 put so I may be in for 100 shares if it is below that in June. Got paid $3.40/SH for the risk today. Just a bit over one full year of dividends received now. I like the risk/reward on this one.While in general I'm not a big fan of selling options far out in time, this one does look quite interesting.
If you don't get assigned it almost 20% annualized, definitely a nice income. (if my math is correct)
If you do get assigned then it gets a bit more complicated but we won't know until June. :p