Putting Myself Into A Position
Published: 2011-05-13 23:01:00 EDT by
On Thursday I STO three options against my cash for the obligation to buy 300 shares of CIM in the event that it does not break back above 4$ a share before the June expiration date. I think this is a fairly good deal seeing as the company pays out a hefty dividend and shows earnings that can actually support it. As a matter of fact I currently own 100 shares because I did a single order over a month ago.
It is my expectation that I will probably not get put into the 300 share position of CIM since there is so much time between now and the June expiration for those options. But, as always, time will tell. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CIM - Chimera Investment Corp.
STO - sell-to-open/sold-to-open
Labels: call options, cash-secured puts, covered calls, option picks, option strategies, put options, stock strategies
Updated: 2011-05-13 23:10:20 EDT
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