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Stock Option Education Series - New Option Trade this Morning 5/25

Posted by Daniel Iuculano on May 25, 2016 - 2:53pm Edited 5/25 at 2:57pm


Option Education Series - New Option Trade this Morning 5/25

After doing a stock review, I decided I wanted to purchase the stock (CME), however the market has been trading higher these past two trading days so I decided to sell a July Put at $92.50 instead of purchasing the stock outright. The stock is currently trading just above $97.75 this morning.

I could of waited for a pull back and get (CME) at a cheaper price, which I might do anyway. In the mean time I sold 1 contract

Sell to Open 1 CME Put Jul 15 @ $92.50 and received $1.10 in premium or $110 minus commisssion.

This means that I will buy 100 shares of CME if it drops to $92.50 or less between now and July 15th, my cost basis will be $92.50 minus the premium of $1.10.

If the the stock never drops below $92.50 by July, then I keep the premium and possibly sell another PUT after expiration.

Daniel F. Iuculano, AAMS CMFC

Accredited Asset Management Specialist

Chartered Mutual Fund Counselor

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