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Wednesday, October 16, 2013

Pepsico (PEP) Put Options


sold 4 Sept 2013 $82.50 put options at $1.27


rolled the Sept put options to October (same strike)
new credit =  $0.45


rolled the Oct put options to November (same strike)
new credit = $0.65


Pepsi reported earnings before market open.
Stock goes up, put prices go down.

Buy to close November put options at $1.55.  I wanted to remove the risk from my portfolio.

Total Net Profit:  $302.34


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