Selling APA puts for income.
APA Corp. (APA) — formerly known as “Apache Corp.” — is a profitable oil and gas producer. The company operates in the U.S., Egypt and the U.K..
Energy stocks are trading higher as the global recover drives more demand for fuel. International exposure helps to diversify APA’s overall business.
By selling the February $27.50 puts near $1.40, we’re able to collect an annualized yield near 42%, while also giving us roughly $1.60 per share in cushion between the current market price for APA and our strike price.
- Sell (to open) 2 APA February 18th $27.50 puts
- Limit: $1.40 or more
- The new position will represent roughly 5.5% of our model.
- 13:55 Executed
- Sold 2 APA Feb 18th $27.50 Puts @ $1.44