Retirement Income

Stocks and Options

November 20th, 2007 at 7:09 pm

STO ALSK Puts

I sold 4 Dec 15 ALSK Puts today for $229 into an IRA account.  The stock is a little under water but tends to move around $15.  It pays a good dividend (5.87% at today’s closing price) and I can sell decent calls on it so I won’t mind if it is put to me if the price is above $14.  Below that I will consider rolling it out.

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