What do you do when youāre holding a far Under Water CSP (FUWCSP J ) that is approaching expiration this Friday which is also its ExDividend date?
Who knows, but what I DID do (poor by hindsight as of the close; but maybe cool later) is:
1. I tried to buy back the CSP which has a strike of 41 (stock at 38.90 at the time). Couldnāt get a āreasonableā price
2. Bought 100 shares at a ālowā price of 36.70 not realizing it would fall to 38.20 during the day; thus capturing the dividend on Friday for 100 shares.
So I sit with the put which will be assigned on Friday unless I buy it back. Iāll end up with 200 shares of KO on Monday and either sell 100 if KO is up enough, or sell CCās on both of them. Not how I wanted this to play out. But itāll work.
| TtP-S | As of: 09/09/15 13:31 TtP-S Alert Display Format 2 Version 2.1 | |||||||
| Moderator Message (if any): Today’s Buys & Sells. Pete A | SPY | DIA | ||||||
| Previous Close | 197.43 | 164.91 | ||||||
| Current Price | 194.76 | 162.56 | ||||||
| Day Low | 194.35 | 162.23 | ||||||
| % Chg from Prev Close | -1.56% | -1.63% | ||||||
| Buy Day! | ||||||||
| (Based on low of the day) | ||||||||
| Today’s Buys/Sells | ||||||||
| Ticker | Buy Price | Buy Date | Profit Target | Sell Price | Sell Date | Profit Percent | Annualized RoI % | Current Position |
| KO | 38.70 | 2015-09-09 | 39.28 | – – | – – | – – | – – | Bought |