The Money Tree

Safely Generating Income in Retirement

Archive for July 19th, 2011

PBR – New NP Trade

Posted by mounddweller on July 19, 2011

Fellow Traders,

Please recall in my post this past weekend I had mentioned that I wanted to re-enter my NP trade on PBR.  Yesterday, I had the opportunity to do just that.  Below are the details of that trade.

As you can see I sold 3 AUG $31 puts at $0.58.  If all goes well and the puts expire OTM I will have a ROIC of 1.77% which annualized is 20.14%.  Find a way to do that every month and you’ll be doubling your money approximately every 3 1/2 years!

Regards,

Troy

 

 

 

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Posted in Portfolio Updates | Tagged: , | 2 Comments »