Selling OSTK puts for income.
We closed our last OSTK income play out with a quick profit when OSTK surged higher last month. Since then, the stock has pulled back to support. The pullback helped to drive put prices higher, giving us a chance to capture a larger-than-normal income payment with an additional $8 per share risk buffer between the current market price and our strike price.
- Sell (to open) 1 OSTK January 21st $85 put
- Limit: $6.30 or more
- The new position will represent roughly 8.7% of our model.
- 12:32 Executed
- Sold 1 OSTK Jan 21st $85 put @ $6.55